1. Tuition & Financial Aid in Higher Education: Current & Future Trends Jory Hadsell Jennifer Olszewski Drexel University

2. Current Trends

3. Tuition Trends Rising Costs 2000-2010 tuition fees at public four year institutions increased 5.6% over the rate of general inflation

4. Financial Aid Trends

5. Effects Higher student debt load Fewer choices at public universities Decreased quality as high-cost programs are cut Enrollments shift to private colleges (NCES, 2011) (University of California, 2011)

6. Tuition Discounting: A Sustainable Trend?

7. Future Trends Continued rise in advertised tuition rates with added discounting Higher prevalence of cost/benefit analysis in course and program offerings Institutional emphasis on campaigns to increase philanthropy and partnerships Public institutions place real limits on growth Increased international and out-of-state recruitment at public colleges/universities

8. References Altbach, P. G., Berdahl, R. O., & Gumport, P. J. (2005). American higher education in the twenty-first century: social, political, and economic challenges. Mahwah (N.J.): The Johns Hopkins university press. College Board Advocacy & Policy Center (2011). Trends in College Pricing. Retrieved from http://trends.collegeboard.org/college_pricing/ Breslow,J.M. (2005). How enrollment is misused. The Chronicle of Higher Education. Retrieved from http://chronicle.com/how-enrollment-management-is/ Blumenstyl, G. (2009). Colleges undermine their value when they put tuition “on sale”. Chronicle of Higher Education, 55 (38), 24. Hossler, D.R. (2004). How enrollment management has transformed-or ruined- higher education. The Chronicle of Higher Education, Retrieved from http://chronicle.com/article/how-enrollment-management-has-transformed- Marklein, M. B. (2011, May 26). For-profit colleges see major gains in past decade, USA Today. Retrieved from http://www.usatoday.com/news/education/2011-05-26-for-profit-college-undergraduate-enrollment_n.htm Perry, S. (2011). As deficit hawks circle, charities brace for capitol hill. The Chronicle of Philanthropy. Retrieved from http://philanthropy.com/article/Budget-Battles-Shift/127130/ Stripling, J. (2010, December 17). More tuition struggles projected, Inside Higher Ed. Retrieved from http://www.insidehighered.com/news/2010/12/17/moody_s_forecasts_falling_tuition_revenues_at_colleges Supiano, B. (2011). When families ask colleges for more money. The Chronicle of Higher Education. Retrieved from http://chronicle.com/article/Private-Borrowing-for-College/48878/ Supiano, B. (2010). Federal spending on student aid jumps as college prices go up again. The Chronicle of Higher Education. Retrieved from http://chronicle.com/article/Federal-Grant-Aid/125133/ University of California. (2011). Gov. Brown budget would cut $1.4B from higher ed. University of California Budget News. Retrieved from http://www.universityofcalifornia.edu/budget/?p=1445