Thursday, June 16, 2011
According to Priced Out: How the Wrong Financial-Aid Policies Hurt Low-Income Students:
- Since the early 1980s, college tuition and fees have increased at four times the rate of inﬂation—even faster than skyrocketing healthcare expenses.
- The average low-income family must contribute an amount nearly three quarters of its annual household income each year just to send one child to a four-year college. That’s after all sources of grant aid are taken into account.
- After exhausting all sources of grant aid, the typical low-income student must come up with over $11,000 a year to attend a public or private nonproﬁt college.
- Meanwhile, middle-class and high-income families contribute amounts equivalent to just 27 percent and 14 percent of their yearly earnings, respectively.
The U.S. Department of Education's Integrated Postsecondary Education Data System (IPEDS) enables you to create your own group of colleges to compare their graduation rates and related information.