Cost-conscious families “are not going to write a blank check” for college, Ms. Ducich said. “They are making a lot of decisions to control the cost.”
For one thing, more students attended a two-year public college, and many such students live at home. The 34% of students using two-year public schools was the highest in the seven years the study has been conducted.
“You can save an enormous amount of money” at a two-year school, said Christopher Russo, 22, of Bridgewater, N.J., who received an associate degree in May from nearby Raritan Valley Community College.Because of medical and financial issues, his family was unable to contribute to college costs. Still, Mr. Russo is debt-free, with summer earnings combined with grants and scholarships having covered Raritan Valley’s full cost—$4,600 in 2013-14 for local-county residents taking 15 credits a semester.
Mr. Russo will incur a limited amount of debt when he continues his education this fall at Rutgers, the State University of New Jersey. While some of his friends attending private colleges will end up with huge debt burdens, he said, “I’ll be out of debt incredibly fast,” probably a few years after graduation, thanks to his in-state tuition at Rutgers and spending the first two years at a community college.