As college costs soar, top schools roll out more generous aid packages [CNBC]
JP Morgan Chase & Co. (JPM)
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Source: CNBC
To bridge the affordability gap, more top schools are rolling out increasingly generous aid packages and even tuition-free policies. However, “the arms race for financial aid is setting up an extreme crescendo for college admissions,” says Jamie Beaton, co-founder and CEO of Crimson Education, a college consulting firm. While most people agree that a is worthwhile, fewer say it's However, as college costs continue to rise, many top schools are responding by offering more generous financial aid packages to ensure affordability for qualified students, with some even covering the entire cost for low-income families. College tuition has surged by 5.6% a year, on average, since 1983, significantly outpacing other household expenses, a recent study by found. For the 2024-25 school year, tuition and fees plus room and board for a four-year private college averaged $58,600, up from $56,390 a year earlier. At four-year, in-state public colleges, it was $24,920, up from $24,080, acco
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