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Going to a Public College Isn’t as Affordable as it Used to Be

Michael Bayne has done everything you’re supposed to do to avoid taking on too much debt for college. He lives off-campus to save money on housing. He’s always working at least one job — sometimes two. And he enrolled at an in-state public school, Arizona State University.

But it’s not nearly enough. The $2,500 in grants Bayne received this semester covered less than half of his tuition at ASU. A decade ago, the same amount of aid would have been enough to pay his entire bill.