Saturday, May 6, 2023

College prices aren’t skyrocketing—but they’re still too high for some - Phillip Levine, Brookings

A college education is one of the biggest expenses individuals face during their lives. College is not necessarily right for everyone, but the decision about whether and where to attend college should be based on accurate pricing information. What a student needs to know is not how much college costs in general but how much it will cost them. For most students the sticker price is misleading. Averages are not that informative either since the net price depends on individual circumstances. Similarly, if policymakers, advocates, and commentators want to understand trends in college affordability over time for different types of students, they need to track net prices, not sticker prices.