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Friday, May 31, 2013

'Public Colleges are Often No Bargain for the Poor'

Remember all those calls from both conservatives and liberals for (sufficiently) equal opportunity? How's that working out?:

Public colleges are often no bargain for the poor, by Renee Schoof, McClatchy: Many public colleges and universities expect their poorest students to pay a third, half or even more of their families’ annual incomes each year for college, a new study of college costs has found.
With most American students enrolling in their states’ public institutions in hopes of gaining affordable degrees, the new data shows that the net price – the full cost of attending college minus scholarships – can be surprisingly high for families that make $30,000 a year or less.
The numbers track with larger national trends: the growing student-loan debt and decline in college completion among low-income students.
Because of the high net price, “these students are left with little choice but to take on heavy debt loads or engage in activities that lessen their likelihood of earning their degrees, such as working full time while enrolled or dropping out until they can afford to return,” Stephen Burd wrote in a recent report for the New America Foundation...

There's a graphic in the article that shows the "Average net annual cost of public 4-year schools for in-state students in families earning $30,000" (scroll over a state to see the cost). For Oregon, it's $10,701 according to their calculations.

    Posted by on Friday, May 31, 2013 at 11:27 AM in Economics, Income Distribution, Universities | Permalink  Comments (39)


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