Tag Archives: Funding

American families spent 16% more on college this year

College loan

Americans say they spent 16% more on college expenses during the 2014-15 school year than the year before, according to Sallie Mae’s annual “How Americans pay for college” report.

Families shelled out an average of $24,164 to cover college costs during the 2014-15 school year, compared to $20,882 the year prior. It’s the first time in five years that families have increased college spending year over year, according to Sallie Mae.

The rising cost of college is certainly one factor that could be contributing to this significant bump, but it doesn’t tell the whole story.

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Capitol Alert: New school funding plan wins cautious praise in Capitol hearing

The first legislative public hearing on Gov. Jerry Brown’s proposal for a new school funding formula drew scores of people Thursday who generally applauded the concept but criticized details.

Brown is pushing to consolidate funds for state-mandated programs in order to provide a “base grant” of about $6,800 per student, which would be supplemented with extra funds for districts with large numbers of poor students, English learners or foster youth.

The new formula would distribute $1.6 billion in the coming fiscal year.

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