4 charts that show how college costs, student loan borrowing and grant aid have changed over time

Washington CNN —The cost of college is not skyrocketing — at least for now, when factoring in the average amount of grant aid students receive.
The increase in grant aid is largely driven by grants provided by the schools, Ma said.
Total federal grant aid decreased by 32% in inflation-adjusted dollars between 2011-2012 and 2021-2022.
Pell grants, a key federal student aid program for low-income families, are covering a smaller share of the cost of college.
Families are borrowing lessWhile the amount of outstanding student loan debt has topped $1.6 trillion, overall borrowing for college declined for the 11th consecutive year in the 2021-2022 academic year, according to The College Board.
Student loans continue to make up nearly 10% of all US household debtAmericans hold more student loan debt than they do auto debt or credit card debt, according to the New York Federal Reserve.
As a share of US household debt, student debt steadily rose between 2004 and 2021, jumping from just over 3% to 10.8% — before dipping down again to 9.5% in July 2022.
At about $1.6 trillion, overall student loan debt remains well below the more than $11 trillion Americans owe in mortgage debt.
Since the beginning of the pandemic, the household share of student debt has fallen — in part because the growth in mortgage debt has outpaced the growth in student loan debt since the beginning of the pandemic.
Prior to the pandemic, thousands of borrowers had their Social Security checks garnished because their student loans were in default.
The share of US household debt that student loans take up could shrink if Biden’s student loan program survives its legal challenges and takes effect.
It’s estimated to cancel roughly $525 billion of federal student loan debt, according to the Committee for a Responsible Federal Budget.