College Board releases annual college pricing and financial aid reports

The College Board has released Trends in College Pricing 2004 and Trends in Student Aid 2004.

The college pricing survey found that average tuition and fees for the 2004/05 school year increased 10.5% at public four-year universities, 8.7% at public two-year colleges, and 6.0% at private four-year colleges.

About three-quarters of full-time undergraduates receive some form of financial aid. While a significant portion of financial aid is loans, the College Board estimates that in 2003-04, the combination of grant aid and federal tax benefits averaged about $2,300 per student in public two-year colleges, over $3,300 at public four-year institutions, and about $9,400 per student at private four-year colleges.
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