When thinking about college, education and financial aid over the past 20 years the first word that comes to mind is expensive. For credit unions the changes in the student lending market place over the past two decades has led to one thing: opportunity.
Since 1990, the average undergraduate tuition, fees and room and board for a full-time student for all college institutions has more than doubled. The average cost for an undergraduate student to attend college full-time in 1990 was $6,562. In 2007-2008, the latest data available, the cost was $16,245.
Patricia Steele, independent policy analyst for the College Board, said that the story over the past 20 years when it comes to the increase in need for financial aid isn't as black and white as "those crazy colleges are raising prices."
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
