Thursday, April 28, 2016

Fading Affordability - Paul Fain, Inside Higher Ed

College affordability has declined in 45 states since 2008, with low- and middle-income students in particular feeling the pinch, new study finds. Overall college affordability has worsened in 45 U.S. states since 2008, creating a significant financial burden for students of modest economic means. That’s the top-line finding in a new, state-by-state study by researchers from the Institute for Research on Higher Education at the University of Pennsylvania Graduate School of Education, Vanderbilt University’s Peabody College of Education and Human Development, and the Higher Education Policy Institute. The report defines affordability as reasonable estimates of the total educational expenses for students and families in each state, calculated as a percentage of family income. Educational expenses include tuition and costs of living, minus all grant-based financial aid from federal and state governments and institutions. https://www.insidehighered.com/news/2016/04/28/college-has-become-less-affordable-most-states-threatening-worsen-economic

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