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In his 2012 State of the Union Address, U.S. President Barack Obama addressed the rising cost of higher education in the United States. Through an executive order in 2011, Obama laid out a student loan plan, "Pay As You Earn", which allows former students to pay education debts as a percentage of their incomes. [54]
During the mid-1990s 34% of the cost for college was covered by the maximum offered Pell Grant, compared to 84% during the 1970s. [16] During Clinton's presidency, funding for higher education focused on creating tax benefits tied to attending college. These policies put less emphasis on developing grants to allow students to attend college.
Due to popular demand, the cost of higher education has grown at a rate faster than inflation between the late 20th and early 21st centuries. [80] Student housing costs have risen faster than even tuition fees. [81] From the 1990s to the 2010s, tuition and fees jumped 440%, as federal loans for students became more generous. [58]
The sticker price for a college education can be quite shocking. In 2020-21, the cost of tuition and fees for a full-time student at a public four-year in-state school was $10,560, according to the...
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.
There is more money than ever in college sports, but only a few universities have cashed in. More than 150 schools that compete in Division I are using student money and other revenue to finance their sports ambitions. We call this yawning divide the Subsidy Gap.
College sports yield indelible moments that unite campuses and provide a path to a quality higher education for thousands of students who might otherwise not be able to afford it. Many of the people we interviewed, including legendary coach Bill Curry, have devoted their careers to college athletics — but worry that too many schools are ...
Widespread glitches and delays this year with the new version of the FAFSA, which millions of students rely on annually to pay for college, prompted bipartisan scrutiny of the Biden administration ...
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