Financing your dream is easier than you think. Here
are some facts that will give you a broader perspective
on both current and previous higher education trends
and facts.
Financial Aid by Source
Undergraduate and graduate student aid (in billions) by source, 2006-07
Source: The College Board, Trends in Student
Aid, 2007
Federal Family Education Loan Program (FFELP)
What is FFELP?
FFELP is the private sector student loan program that
makes higher education affordable and accessible for
millions of students and their families.
- Today, more students depend on student loans today
to finance their education than ever before.
- Roughly 78% of all student loans, more than $50
billion in academic year 2004-05, was provided under
the FFELP.
- Since 1966, more than 155 million loans have been
issued under the FFELP, representing more than $512
billion in federal student loans. (U.S. Department
of Education).
- The demand for student loans is expected to continue
to grow. According to projections made by the U.S.
Department of Education, federal student loan volume
is expected to grow to nearly $64 billion in FY2009
Source: www.studentloanfacts.org
Tuition and Fees
Average fixed charges for undergraduates, 2007–08
(Enrollment-weighted)
| |
Tuition
and Fees |
| Sector |
2007–08
|
2006–07
|
% Change |
| Two-year public |
$2,361 |
$2,266 |
4.2% |
| Four-year public |
$6,185 |
$5,804 |
6.6% |
| Four-year private |
$23,712 |
$22,308 |
6.3% |
Source: The College Board, Trends in College Pricing,
2007
The More You Learn, The More You Earn
More education means lower unemployment and
greater earnings.
Source: Student Loan Fact Book
|
