{"id":2655,"date":"2018-11-08T09:12:10","date_gmt":"2018-11-08T14:12:10","guid":{"rendered":"http:\/\/nacacadmitted.wpengine.com\/wordpress\/?p=2655"},"modified":"2018-11-08T09:12:10","modified_gmt":"2018-11-08T14:12:10","slug":"college-borrowing-drops-for-7th-consecutive-year","status":"publish","type":"post","link":"https:\/\/admitted.nacacnet.org\/wordpress\/index.php\/2018\/11\/08\/college-borrowing-drops-for-7th-consecutive-year\/","title":{"rendered":"College Borrowing Drops for 7th Consecutive Year"},"content":{"rendered":"<figure id=\"attachment_2656\" aria-describedby=\"caption-attachment-2656\" style=\"width: 724px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/nacacadmitted.wpengine.com\/wp-content\/uploads\/2018\/11\/PayingForCollege.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-2656\" src=\"http:\/\/nacacadmitted.wpengine.com\/wp-content\/uploads\/2018\/11\/PayingForCollege.jpg\" alt=\"\" width=\"724\" height=\"482\" srcset=\"https:\/\/admitted.nacacnet.org\/wp-content\/uploads\/2018\/11\/PayingForCollege.jpg 724w, https:\/\/admitted.nacacnet.org\/wp-content\/uploads\/2018\/11\/PayingForCollege-300x200.jpg 300w\" sizes=\"auto, (max-width: 724px) 100vw, 724px\" \/><\/a><figcaption id=\"caption-attachment-2656\" class=\"wp-caption-text\">iStock<\/figcaption><\/figure>\n<p>The amount students are borrowing for college continues to drop, according to a report released last month by the College Board.<\/p>\n<p>This decline marks the seventh year in a row that students have opted to borrow less for higher education.<\/p>\n<p><!--more--><\/p>\n<p>\u201cBetween 2007-08 and 2010-11, tuition prices rose rapidly, particularly at public colleges and universities,\u201d Sandy Baum, a co-author of the report, noted in a <a href=\"https:\/\/www.collegeboard.org\/releases\/2018\/trends-in-higher-education-reports-find-published-tuition-and-fees-in-grant-aid-for-students-continue-to-grow-at-moderate-rates\">press release<\/a>. \u201cFederal expenditures on student aid increased dramatically, helping a growing student population to finance their education. At the same time, students borrowed more and more. Since 2010-11, all of those trends have reversed.\u201d<\/p>\n<p>According to the report, the average amount borrowed by a full-time undergraduate student in 2017-18 was $4,510. By comparison, the average student in 2010-11 borrowed the present-day equivalent of $5,830.<\/p>\n<p>Meanwhile college prices continued to grow at a moderate rate, with tuition and fees for in-state students at public four-year colleges and universities increasing by 2.5 percent before adjusting for inflation.<\/p>\n<p>Nearly 60 percent of full-time dependent students from families earning less than $35,000 annually received enough grant aid to cover the cost of tuition and fees, with Pell Grants comprising a declining share of federal grants.<\/p>\n<p><a href=\"https:\/\/trends.collegeboard.org\/college-pricing\">Read the full report<\/a> and visit\u2019s NACAC\u2019s <a href=\"https:\/\/www.nacacnet.org\/knowledge-center\/financing-college\/paying-for-college\/\">paying for college<\/a> webpage.<\/p>\n<p><em>Admitted writer\/editor Mary Stegmeir welcomes additional comments and story ideas at\u00a0<\/em><a href=\"mailto:mstegmeir@nacacnet.org\"><em>mstegmeir@nacacnet.org.\u00a0<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The amount students are borrowing for college continues to drop, according to a report released last month by the College Board. This decline marks the seventh year in a row that students have opted to borrow less for higher education.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[25,24],"tags":[],"class_list":["post-2655","post","type-post","status-publish","format-standard","hentry","category-financial-aid","category-paying-for-college"],"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"Mary Stegmeir","author_link":"https:\/\/admitted.nacacnet.org\/wordpress\/index.php\/author\/mstegmeir\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/peWmJq-GP","_links":{"self":[{"href":"https:\/\/admitted.nacacnet.org\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/2655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/admitted.nacacnet.org\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/admitted.nacacnet.org\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/admitted.nacacnet.org\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/admitted.nacacnet.org\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=2655"}],"version-history":[{"count":0,"href":"https:\/\/admitted.nacacnet.org\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/2655\/revisions"}],"wp:attachment":[{"href":"https:\/\/admitted.nacacnet.org\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=2655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/admitted.nacacnet.org\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=2655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/admitted.nacacnet.org\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=2655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}