"Rising Tuition: Some US Colleges to Cost Nearly $95,000 This Fall"
Originally Published 1 year ago — by The Associated Press
Several private colleges in the US are setting their annual costs for tuition, board, meals, and other expenses at over $90,000, causing sticker shock for many families. However, colleges with large endowments are focused on making college affordable for students who aren’t wealthy, with lower-income families required to pay just 10% of the advertised rate. The rollout of a new U.S. Department of Education online form for federal aid has been chaotic, causing delays and anxiety for prospective students. Despite the high costs, financial aid expert Mark Kantrowitz believes that college is a good investment as long as students borrow in moderation and complete their studies.