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Rising Costs of College (Texas)
Source: chron.com
Tuition and fees at public universities have risen 40 percent in Texas since 2003. This article centers around the turmoil forced by the credit markets and has created fears that private student loans will be fewer and more costly for those who can get them.
Community college grows
Community colleges in Texas report a surge of new students, while four-year schools say the cost and uncertainty have had little impact on enrollement. Close to 50% of Texas college students attend a community college.
Interest rates may be on the rise
Those that do qualify may have to pay higher interest rates. Students generally don’t apply for those loans until summer, so, again as posted before, it’ll be atleast June or July until consumers can see what kind of effect the credit crunch has had on student lending.
Incoming Freshman students at the following campuses will pay more tuition fee’s for 2008:
University of Georgia
Georgia Institute of Technology
Georgia State University
Medical College of Georgia.
Officials approved the tuition rates to go towards the state’s overall university $2.3 billion budget. This increases the budget by a total of $165 million in state appropriations over last year.