Although the federal government will hand out billions of dollars more in college grants in 2011 and 2012 than ever before, the nation’s financial aid programs as a whole are not keeping up with rising tuition, government officials and financial aid analysts say.
That means for millions of America’s working and middle class families, “college is going to become less affordable,” warns Mark Kantrowitz, publisher and founder of Finaid.org and the scholarship search site Fastweb.com.
Isn’t it Alanis? Don’t you think? We cut funding for higher education at the state and federal level, and then wonder why financial aid (which we only provide token increases for) doesn’t cover the rising tuition costs.
But no worries, there are now cheaper loans you can take out. You know, because nothing says starting your adult life like a mountain of debt on top of you.