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Thursday, July 08, 2010

"Fewer Low-Income Students Going to College"

This is not a good trend:

Fewer Low-Income Students Going to College, by Emmeline Zhao, RTE: Fewer low- and moderate-income high school graduates are attending college in America, and fewer are graduating. Enrollment in four-year colleges was 40% in 2004 for low-income students, down from 54% in 1992, and 53% in 2004 for moderate-income students, down from 59% over the same period, according to a report recently submitted to Congress by the Advisory Committee on Student Financial Assistance. ...
College expenses and financial aid have become increasingly larger considerations..., driving more qualified students away from enrolling in four-year colleges. The net price for attending a four-year public college in 2007 for a low-income student was $10,620 — 48% of family income...
Among the students surveyed who had parents “very concerned” about higher-education finances just 66% applied to a four-year college. Some 90% of respondents with parents “not concerned” about finances applied to college. Fewer — 43% — with “very concerned” parents enrolled in a four-year college, compared to 88% that enrolled with “not concerned” parents. ...
Persistence through four-year colleges dropped to 75% in students entering in 2003 for low-income students, down from 78% in students entering in 1995, while persistence for students from moderate-income families remained at 81%. Persistence rates for low- and moderate-income students in two-year colleges, however, fell 10 percentage points to 49% over the same period.
“These trends greatly undermine bachelor’s degree completion of high school graduates over the last two decades and, if unchecked, will take an even grater toll this decade,” the report states. ...

Education is not the whole answer to better jobs and a more equal distribution of income, but it's a key part of it and this trend is not encouraging. If it was up to me, college education would be essentially free. And not just because of the economic effects. There is value in education that goes far beyond the salary premium that comes with a college degree.

    Posted by on Thursday, July 8, 2010 at 12:56 AM in Economics, Universities | Permalink  Comments (63)


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