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Prospective community college students have until Friday (Sept. 30) to take advantage of programs designed to make higher education more affordable.
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With the median family income on a steady decline each year since 2007 up until 2012, it saw increasing difficulty for students to pay back college tuition out of savings and labor income. [25] Between 2002 and 2012, public spending on education dropped 30%, while total enrollment at public colleges and universities jumped 34%. [26]
Public universities increased their fees by 27% over the five years ending in 2012, or 20% adjusted for inflation. Public university students paid an average of almost $8,400 annually for in-state tuition, while out-of-state students paid more than $19,000. For the two decades ending in 2013, college costs rose 1.6% more than inflation each year.
In the United States, a variety of financial aid programs provide grants and student loans, mostly to low-income students, for any accredited college or university. Various proposals at the state and federal level have been made to make either community colleges or all colleges and universities free for students at all income levels. [39]
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It increased federal money given to universities, created scholarships, gave low-interest loans for students, and established a National Teachers Corps. The "financial assistance for students" is covered in Title IV of the HEA. The Higher Education Act of 1965 was reauthorized in 1968, 1972, 1976, 1980, 1986, 1992, 1998, and 2008.
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