Facts of the Month

Reports show decline in student loan borrowing

With our thanks to Allie Bidwell on the Communications Staff at NASFAA, “as college tuition and fees continued to inch up slightly, trends in student aid reflect a nation beginning to climb its way out of the Great Recession, according to the College Board’s annual reports on college pricing and student aid.

Students now are borrowing less than in recent years, and federal Pell Grant expenditures – as well as total recipients – have decreased, which could be a signal of a rebounding economy. And while prices are still increasing at a moderate rate, they are still outpacing the Consumer Price Index and household incomes.”

Publication Date: November 2015