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Why College Students Are Borrowing Less to Pay for School Posted: 27 Oct 2016 11:06 AM PDT Average published tuition and fees for full-time students for 2016-2017 is continuing to go up, but undergraduate students are relying less on loans to cover those costs, according to a new report from the College Board. The average published tuition and fees for those attending in-state four-year college this year increased 2.4 percent before inflation to $9,650. To cover those costs, students are borrowing less and relying more on federal grants.

As college costs climb, why is student borrowing continuing to fall? Posted: 27 Oct 2016 09:27 AM PDT American undergraduates are relying less on student loans these days to fund their postsecondary education, but that does not mean their degrees are becoming more affordable. Two reports released Wednesday by The College Board, a nonprofit that aims to expand access to higher education, show that education borrowing declined for the fifth consecutive year, even as a slowing rise in tuition and fees continues to drive net costs higher. While reliance on loans fell to a two-decade low during the 2015-2016 academic year, grant funding for undergraduates rose to a two-decade high.

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