US college expenses decline over the past decade: Average student pays 40% less after grants, loan debt drops by 17%

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US college expenses have seen a significant decline over the past decade, according to data from the College Board. Tuition at in-state public universities has decreased by 4%, while financial aid has lowered the amount students pay by 40%. Loan debt has also dropped by 17%. These changes reflect institutional efforts to control costs, along with increased state and federal investments. The overall trend shows a positive shift in college affordability, especially for students relying on financial aid.