Because of the recession’s economic effects, it’s difficult to say how increases in the borrowing limits on federal Stafford Student Loans affected college costs, the Government Accounting Office says in a new report.
While college prices have risen consistently, and continued to go up after the Stafford loan limits were raised, starting in the 2008-9 academic year, the recession’s tumultuous and complex economic environment could have contributed to the increasing college price tag, according to the report (GAO 14-7), released on Tuesday.
Read more at The Chronicle of Higher Education: https://chronicle.com/article/Recession-Complicates-Analysis/144817/?cid=at&utm_source=at&utm_medium=en
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