Americans Should Do Something About This

February 7, 2014 | Blog, News

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%
Moderate $11,300 22% $16,200 31%
Middle $13,300 16% $20,400 25%
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.

 


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