College Board: Annual Borrowing for College Is Falling, While Price Growth Remains Slow
Students and parents borrowed $106 billion in 2013-2014 from the federal government and other sources, the report found. That was down nearly 8 percent from the previous year after accounting for inflation, and down 13 percent from a peak of $122.1 billion in 2010-2011. At the same time, the published price of college is rising moderately after the spike that resulted from the economic woes of 2008-2009. Some families pay full price, but many receive discounts.