Friday, October 24, 2014
YOLO COUNTY NEWS
99 CENTS

Grants, scholarships key to paying for college

By
From page A2 | July 23, 2013 |

WASHINGTON (AP) — Grants and scholarships are taking a leading role in paying college bills, surpassing the traditional role parents long have played in helping foot the bills, according to a report from loan giant Sallie Mae.

Since the recession, more college-bound students have eliminated schools from their searches based on costs and have relied less on their parents once they get to campus, said the report released Tuesday. Worries such as tuition increases and job losses seem to have faded as the economy has improved, yet parents and students still make decisions on schools, majors and work schedules based on the price tag.

“We have moved into a post-recession reality in how people pay for college,” said Sarah Ducich, Sallie Mae’s senior vice president for public policy.

College spending per student was about $21,000 during 2012, down from a peak of $24,000 in 2010, according to the Sallie Mae-Ipsos Public Affairs report.

The annual survey of student financial aid found students earned about $6,300 in grants and scholarships to pay for college costs, taking the top spots from parents. Student loans were the third most common source to pick up the bill for courses, housing and books.

The average student borrowed $8,815 in federal loans.

The rate for those loans was the subject of debate in the Senate last week, as lawmakers considered a compromise that would offer some students lower rates for the next few years but would prescribe higher rates for future classes. The Senate is expected to vote on that compromise this week.

Last year, the average family turned to grants and scholarships to cover 30 percent of college costs. Parents’ income and savings covered 27 percent of the bill and student borrowing covered 18 percent.

“Parents are willing to stretch themselves,” Ducich said “It’s not that they’re willing to pay. It’s that their income is not keeping up.”

Parents’ enthusiasm for college has not shriveled, though. The survey found 85 percent of parents saw college bills as an investment in their children’s future.

“We’re in a new normal where big ticket items like college, families will pay for them but won’t stress about them too much,” said Cliff Young, managing director at Ipsos.

One-fifth of parents added work hours to pay for college and half of students increased their work hours, too. The report found 57 percent of families said students were living at home or with relatives, up from 41 percent last year and 44 percent in 2011.

Among other strategies employed to deal with costs:

* One-fifth of students from low-income families chose to transfer to less expensive schools.

* About one-fifth of students said they changed majors to fields that were expected to be more marketable upon graduation.

* In all, 67 percent of students and their families eliminated colleges at some stage during the application process because of costs, up from 58 percent in 2008.

“It forced them to adopt new behaviors of savings and ways to find nickels and dimes,” Young said.

The tuition sticker price at public four-year colleges is up 27 percent beyond overall inflation over the last five years, according to the latest figures from a separate study from the College Board. This past year it rose nearly 5 percent to an average of $8,655 nationwide. Including room and board, the average sticker price at public colleges is now $17,860, and students pay on average $12,110. At private four-year colleges, the average full tuition price is now just under $40,000, with the average student paying $23,840.

What does that mean for the average college student?

About two-thirds of the national college class of 2011 had loan debt at graduation, and their debt averaged $26,600, according to the most recent figures from the California-based Institute for College Access and Success. That was an increase of about 5 percent from the class before them.

The Ipsos telephone poll was conducted between April 10 and May 9 with 1,802 parents of undergraduate students and 800 18- to 24-year-old undergraduate students. The survey has a margin of error of plus or minus 2.5 percentage points.

————

By Philip Elliott. Follow him at http://www.twitter.com/philip_elliott

Comments

comments

The Associated Press

.

News

UC researchers: How low-water can our landscapes go?

By Katie F. Hetrick | From Page: A1 | Gallery

 
Testimony begins in Winters murder trial

By Lauren Keene | From Page: A1 | Gallery

A-Z: Downtown Davis is the place to celebrate

By Kimberly Yarris | From Page: C1

 
Courageous Thompson tapped for cycling shrine

By Bruce Gallaudet | From Page: A1 | Gallery

 
Hong Kong protesters to vote on staying in streets

By The Associated Press | From Page: A2

 
Cloud business lifts Microsoft’s quarterly results

By The Associated Press | From Page: A2

 
Can you give them a home?

By Enterprise staff | From Page: A3 | Gallery

Scientists work to save endangered desert mammal

By Kat Kerlin | From Page: A3 | Gallery

 
Host families needed for students and teachers from Mexico

By Special to The Enterprise | From Page: A3

Halloween Dance set Friday for teens

By Enterprise staff | From Page: A3

 
Yoga and chanting workshop planned

By Enterprise staff | From Page: A3

Downtown menu: coffee, boba tea, dessert

By Wendy Weitzel | From Page: C3

 
Enjoy A Taste of Capay at historic ranch

By Enterprise staff | From Page: A4

Red-hot tunes set at Blues Harvest

By Enterprise staff | From Page: A4

 
Learn how to fill a cornucopia with flowers

By Enterprise staff | From Page: A4

Video highlights Props. 1 and 2

By Special to The Enterprise | From Page: A4

 
‘Homeopathy at Home’ program planned

By Enterprise staff | From Page: A4

Celebrate origami at Davis library

By Enterprise staff | From Page: A4

 
Garden sale and open house features water-wise demos

By Special to The Enterprise | From Page: C4

Meet Poppenga at dog park Sunday

By Enterprise staff | From Page: A4

 
Day of the Dead folk art class set

By Enterprise staff | From Page: A4

Flea Market planned Sunday

By Enterprise staff | From Page: A4

 
Bay Bridge art project needs $4 million to keep shining

By San Francisco Chronicle | From Page: A5 | Gallery

Weir honored, a year early

By Enterprise staff | From Page: A5

 
Explorit: Poison-proof your home with free lecture

By Lisa Justice | From Page: A6

For a good cause

By Fred Gladdis | From Page: A6

 
Americans, internationals make connections

By Enterprise staff | From Page: A6

School board hopefuls discuss homework policy

By Jeff Hudson | From Page: A7

 
Sutter auxiliary seeks volunteers

By Special to The Enterprise | From Page: A7

Walkers welcome to join Sierra Club outings

By Enterprise staff | From Page: A9

 
Project Linus seeks donations

By Enterprise staff | From Page: A9

.

Forum

The magic is long gone

By Creators Syndicate | From Page: B5

 
Rights beget responsibilities

By Letters to the Editor | From Page: A10

Water returns to its source

By Letters to the Editor | From Page: A10

 
A solution to the drought

By Letters to the Editor | From Page: A10

Experience nature’s treasures

By Letters to the Editor | From Page: A10

 
Subs have other concerns

By Letters to the Editor | From Page: A10

 
Tom Meyer cartoon

By Debbie Davis | From Page: A10

What’s next with Ebola?

By Letters to the Editor | From Page: A10

 
More theories on the abstention

By Letters to the Editor | From Page: A10

.

Sports

Bump, set, playoffs: Blue Devil girls clinch spot in postseason

By Thomas Oide | From Page: B1 | Gallery

 
Aggies expect a bonny meeting in Sacramento

By Bruce Gallaudet | From Page: B1

DHS footballers take on Pleasant Grove

By Enterprise staff | From Page: B1

 
Bye No. 2 comes at perfect time for nicked-up UCD

By Bruce Gallaudet | From Page: B1 | Gallery

Shhh. Are Aggie women BWC’s best-kept secret?

By Bruce Gallaudet | From Page: B1

 
UCD roundup: Preseason awards roll in for Aggie hoopster Hawkins

By Enterprise staff | From Page: B2 | Gallery

 
Sharks suffer from road woes

By The Associated Press | From Page: B12

.

Features

.

Arts

‘St. Vincent:’ Quite a character

By Derrick Bang | From Page: A11 | Gallery

 
Rumpledethumps to play at Village Homes Performers’ Circle

By Enterprise staff | From Page: A11 | Gallery

DMTC plans ‘My Fair Lady’

By Special to The Enterprise | From Page: A11

 
Czech Philharmonic Orchestra to perform

By Enterprise staff | From Page: A11

Calling all artists for upcoming show

By Enterprise staff | From Page: A11

 
.

Business

 
Car Care: Five things to ask yourself when shopping for a new vehicle

By Special to The Enterprise | From Page: B7

.

Obituaries

Ann Foley Scheuring

By Special to The Enterprise | From Page: A4

 
Lewis Melvin Dudman

By Special to The Enterprise | From Page: A4

.

Comics

Comics: Friday, October 24, 2014

By Creator | From Page: B3