As Student Debt Increases, how can Universities keep costs down?

Neas News

By Tom Neas

The price of higher education is rising.  And so is the debt of those who attend.

According to a recent report by the Institute for College Access and Success, US college student debt rose 10 percent in the previous year, now resting at $29,400 per person.  Elon University stayed under the national average with $28,183 per person, while North Carolina is at $23,893.

However, many universities no longer voluntarily report their data.

“It underscores the limitations of voluntarily reported data and the need for the Education Department to collect this data for all colleges,” the report’s authors wrote.

The authors underscored a need to address the issue, offering advice to leaders of the nation’s universities.  Specifically, they advised reducing the need to borrow, increasing information and protection to students on financial aid and more active participation on the issue by universities.

Read the full report in…

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