An August 11th article in The New York Times caught my attention. Written by Tamar Lewin, the article describes a policy brief released by the College Board which concludes that for the most part, recent graduates are carrying “manageable” debt loads. Using data published in the Department of Education’s National Postsecondary Student Aid Study, the policy brief notes that while the number of students using loans to pay for their post-secondary educations has increased in the last five years, the volume of students who carry overly burdensome levels of debt upon graduation remains small in comparison.
The College Board has published an annual report on college pricing since 1998. The report looks at tuition and fees, room and board, and other related costs at colleges in the United States. It also reviews the net price of college after subtracting financial aid grants to students. Colleges are categorized as public four-year, public two-year, and private non-profit four year.