Think college is affordable in the United States?
Affordability of Annual College Enrollment by Family Income and Institution Type
75% of the nation has to borrow or earn the equivalent of at least 10% of their family’s income to attend a year of public college
|Income||Public 2-year college||Public 2-year college||Public 4-year college or university||Public 4-year college or university|
|Price Per Year Subtracting Grant Aid||Fraction of Annual Income Required||Price Per Year Subtracting Grant Aid||Fraction of Annual Income Required|
|Low (bottom 25%)||$8,300||40%||$12,300||59%|
|High (top 25%)||$14,000||10%||$22,800||16%|
Source: NPSAS 2012 ; dependent students
Low-income $21,000; Moderate income= $52,000, Middle income= $81,000, and High income= $142,000
Price= Cost of attendance minus grant aid. Students cannot attend college without meeting the COA.
Students must use loans, work, or other gifts to pay the price.