Overall college affordability has worsened in 45 U.S. states since 2008, creating a significant financial burden for students of modest economic means.
That’s the top-line finding in a new, state-by-state study by researchers from the Institute for Research on Higher Education at the University of Pennsylvania Graduate School of Education, Vanderbilt University’s Peabody College of Education and Human Development, and the Higher Education Policy Institute.
The report defines affordability as reasonable estimates of the total educational expenses for students and families in each state, calculated as a percentage of family income. Educational expenses include tuition and costs of living, minus all grant-based financial aid from federal and state governments and institutions.
Students who lack wealth have been hit hardest, the study found, as college has become less affordable since the Great Recession began.
Read more at Inside Higher Ed: https://www.insidehighered.com/news/2016/04/28/college-has-become-less-affordable-most-states-threatening-worsen-economic