Public Tuition and Private Loans are Up,Up,Up

The newest College Board numbers are out:
*Total federal grant funding to undergraduates was still lower in 2006-07 than it was three years earlier, after adjusting for inflation.
*Public university tuition is up 6.6% to $6,185; total costs up 5.9% to $13,589.
*Tuition at private colleges hit $23,712, an increase of 6.3 percent.
*"even the net price, after taking into account grants and other forms of aid, is rising more quickly than prices of other goods and than family incomes."
*Private loans made up 24 percent of total education loans in 2006-07, up from 6 percent a decade ago.
*Private loans, those not guaranteed by the federal government, continued to be the fastest growing form of borrowing, totaling more than $17 billion in the 2006-07 academic year. In the same period, students and their families borrowed $59.6 billion in federally guaranteed loans.