College Costs Rise Beyond What Students Can Pay
|Policy choices by political and institutional leaders have made college less affordable in all 50 states, with real consequences for American families. College Affordability Diagnosis, a study published today by the Institute for Research on Higher Education at the University of Pennsylvania Graduate School of Education (Penn GSE) ranks all 50 states on college affordability, and gives a sobering view of the difficulty many low- and middle-income families have paying for college even after financial aid is taken into account.
Among the findings:
College Affordability Diagnosis provides a new understanding of college expenses in relation to family income, and how those expenses have dramatically changed in a short period of time. The study — by Penn GSE’s Joni Finney, William Doyle, associate professor of public policy and higher education at Vanderbilt’s Peabody College, Patrick Callan, president of the Higher Education Policy Institute (HEPI), and HEPI senior policy analyst Darcie Harvey — shows the potentially devastating effects on America’s economy and social fabric if states and colleges fail to make meaningful changes.
Together, these findings reveal a nation that is poorly positioned for the present, much less the future. Without changes to affordability policies, the researchers warn, higher education will become another mechanism for the further stratification of America.