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Diane Publishing Books
Federal Student Loans: Impact of Loan Limit Increases on College Prices Is Difficult to Discern
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Jacqueline M. Nowicki (au)
A college education can increase the choices and opportunities available to individuals, but high college tuition rates have prompted concerns that a college education may be an unattainable goal for some. To help students finance their education, Congress passed a law that raised the ceiling on the amount students can borrow under the federal Stafford Loan Program (referred to in the law as "loan limits"). The Ensuring Continued Access to Student Loans Act of 2008 mandated a series of reports over a 5 year period assessing the impact of these increases in the loan limits on tuition and other expenses and on private student loan borrowing. This report examined: (1) the extent to which, if any, the Stafford Loan limit increases affected tuition, fees and room and board prices at institutions of higher education; and (2) the trends in private student loan borrowing since the loan limits took effect. Tables and figures. This is a print on demand report.
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