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States Cutting Financial Aid, Students to Pay Bulk of TuitionOct 27, 2011
Associated Press – Nineteen states now expect students to pay more for tuition than they receive in need-based aid, according to new statistics released by the College Board. State aid and support for public universities has dwindled at a time when demand for higher education has never been higher. The federal government has attempted to pick up some of the difference through increased Pell Grants and streamlined student loans, but low-income students still face large debts upon graduation. States are moving away from the concept that state schools should be low-cost alternatives to private colleges and that higher education is in the overall public’s best interest. 40% of the public agree with the states’ position that students and their families should bear the brunt of paying for college. This is a fundamental shift from the 1990s, where states still supported public education. As a result of state budget cuts and other factors, college tuition has risen 150% since 2000. For more, read Analysis: College Costs Shift to Families.