Sallie Mae 2012 Annual Report Download - page 5
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College Enrollment Levels
College enrollment increased by approximately 15 percent from 2007 through 2010 and enrollment is
projected to increase 13 percent from 2011 to 2021.
Historical and Projected Enrollment
(in millions)
2007 2010 2013 2016 2019
0
4
8
12
16
20
28
24
18.2 19.1 20.4 21.0 21.3 21.6 21.8 22.0 22.3 22.5 22.8 23.2 23.6 23.9 24.1
Source: ED, National Center for Education Statistics, Integrated Postsecondary Education Data System (“IPEDS”), “Fall Enrollment
Survey” (IPEDS-EF:90–99), IPEDS Spring 2001 through Spring 2011; Enrollment component; and Enrollment in Degree-Granting
Institutions Model, 1980–2010.
Note: Total enrollment in all degree-granting institutions; middle alternative projections for 2010 onward.
Costs of Attending College
Tuition and fees at four-year public institutions and four-year private institutions have increased at a
compound annual growth rate of 7.8 percent and 4.9 percent, respectively, since AY 2002-2003. The consumer
price index experienced 2.4 percent compound annual growth rate for the same period.
Cost of Attendance(1)
Cumulative % Increase from AY 2002-2003
100%
80%
60%
40%
20%
0%
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
4-Year Public 4-Year Private
Source: The College Board — Trends in College Pricing 2012.©2012 The College Board. www.collegeboard.org
(1) Cost of attendance is in current dollars and includes tuition, fees and on-campus room and board.
Availability of Federal and Private Funds
There has been a substantial increase in borrowing from federal loan programs in recent years. In the AY
ended June 30, 2012, according to the College Board, borrowing from federal loan programs totaled $105.3 billion,
an increase of 180 percent since AY ended June 30, 2002. The College Board also reported that, over the same time
period, federal grants increased 263 percent to $49 billion. Borrowing from Private Education Loan programs
3