Concerned About Affordability, Many Colleges Still Raising Tuition
Career College Central summary:
A new higher education survey conducted by KPMG LLP, the audit, tax and advisory firm, noted that 51 percent of colleges are considering tuition hikes or had already increased tuition to make up for cuts in state and federal funding.
U.S. campuses are under increasing pressure from the Obama Administration and the public to make college more affordable for middle-class students, many of whom are graduating with $25,000 or more in debt.
Higher education leaders are becoming increasingly concerned about their ability to maintain current enrollment levels, according to the results of the second annual Higher Education Outlook Survey conducted by KPMG LLP.
KPMG's annual survey, which polled 103 higher education leaders, (62 from private institutions and 41 from public) found that 37 percent said they are 'very concerned' about their ability to maintain current enrollment levels, up from 23 percent in last year's survey.
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