Rate of College Increase Lowering

As I wait to hear back from people that have engaged in various career paths following high school, whether it be pursuing further education at a college or university or choosing a varying path from that, I have looked further into the cost of education. Astonishingly, I have found through my research that although the cost of college continues to "rise more rapidly than the rate of inflation, the rate of increase has slowed" compared to previous years ("New College..."). While this is excellent news to hear, it is still hard to believe that the rate has continued to rise in such a way larger than that of the rate of inflation. However, while the rate is still larger than that of the rate of inflation, students have found ways to compete with this by having Pell Grants increase "from 3.8 million in 1993-94 to 5.1 million in 2003-04 and to 9.2 million in 2013-14" as well as having "undergraduates receive an average of $14,180 in financial aid" which allow for students to have a greater chance at affording the price of college ("New College..."). Ultimately, until the rate of college price increases reach that of the rate of inflation, college will still be questioned to its ultimate worth by the people of America. To read further about the happenings to colleges in the past year, click here.

Money under the cap. Are colleges worth more than that?

Work Cited

"New College Board Trends in Higher Education Reports: College Prices Increase at a Slower Pace While Student Borrowing Declines for the Third Consecutive Year." The College Board. College Board, n.d. Web. 18 Dec. 2014.