[Libs-Or] FW: What students and families pay out-of-pocket to attend college

[Ann Reed]

[Institute of Education Sciences - Newsflash]

What students and families pay out-of-pocket to attend college

[2014902]Out-of-pocket net price for college increased over time despite an increase in grant and loan aid over the same period (1999-2000 to 2011-12).

This publication briefly presents trends in out-of-pocket net price for college, the amount that students and their families must pay to attend college after subtracting grants, loans, work-study, and all other student aid from the total price of attendance. It also presents out-of-pocket net price by income levels for the most recent data available (2011-12). For comparability, findings are presented for undergraduates attending full time for a full year.

Key findings include:

* Despite an increase in grant and loan aid between 1999-2000 and 2011-12, out-of-pocket expenses also increased during this period except at for-profit institutions.

* In 2011-12, out-of-pocket net price averaged $9,900 for public 2-year institutions, $11,800 for public 4-year institutions, $18,100 for private nonprofit 4-year institutions, and $15,000 for all for-profit institutions.

* By income levels in 2011-12, out-of-pocket net price ranged from $8,500 among dependent undergraduates in the lowest income quartile to $19,700 for their counterparts in the highest income quartile (dependent students are under age 24 and financially dependent on parents).

This Data Point uses data from four administrations of the National Postsecondary Student Aid Study (NPSAS:2000, NPSAS:04, NPSAS:08, and NPSAS:12) to briefly present trends in out-of-pocket net price for college.

This Data Point is a product of the National Center for Education Statistics at the Institute of Education Sciences, part of the U.S. Department of Education.

To view the full report, please visit
http://nces.ed.gov/pubsearch/pubsinfo.asp?pubid=2014902


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Ann Reed, Federal Programs Coordinator
Oregon State Library
Library Development Services
250 Winter St.
Salem, OR 97301
ann.reed at state.or.us
phone 503-378-5027
fax 503-378-6439
http://www.oregon.gov/OSL/LD/



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