|Growth in Average Tuition and Fees Slows in 2013-14|
Average in-state tuition and fee prices at four-year public colleges and universities rose 2.9 percent between academic year 2012-13 and 2013-14, the lowest percentage increase in 30 years, according to the College Board. Tuition and fee charges at four-year private nonprofit institutions rose 3.8 percent in the same period.
Public Asked to Address White House College Cost PlansIn response to President Obama’s plans and proposals from August 2013 for addressing rising college costs, the Department of Education has scheduled four forums around the country.
Total Financial Aid for College Students Declines Nearly 3 Percent in 2012-13The total amount of grants, work-study, federal student loans, and federal education tax credits postsecondary education students received declined by 2.7 percent, from $245.2 billion in 2011-12 to $238.5 billion in 2012-13, according to the College Board. Increases in institutionally funded grants were offset by a drop in award amounts from federal student loans and Pell Grants.
FASB Takes Preliminary Steps to Change NFP Reporting The Financial Accounting Standards Board has made tentative decisions concerning net asset classes, cash flows, and an operating performance measure. The preliminary decisions may significantly impact independent institutions’ financial reporting.
FAF Seeks Input on GASB's Capital Asset Impairment Standard The Financial Accounting Foundation is sponsoring an important research study to assess the effectiveness of GASB Statement No. 42, Accounting and Financial Reporting for Impairment of Capital Assets and for Insurance Recoveries.
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