College Prices Increase in Step with Inflation; Financial Aid Grows but Fewer Private Loans Even Before Credit Crisis

College Prices Increase in Step with Inflation; Financial Aid Grows but Fewer Private Loans Even Before Credit Crisis
Source: College Board

The College Board announced today that college prices in 2008-09 rose just slightly faster than the Consumer Price Index. While more financial aid is available for students than ever before, the number of private loans for higher education began to shrink even before the current credit crisis.

Two new College Board reports, “Trends in College Pricing 2008” and “Trends in Student Aid 2008,” document a wide variation in prices in a diverse higher education system. College Board President Gaston Caperton said that the information in the Trends reports will help families to make better educational decisions.

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