A new report from the nonprofit Education Trust finds only five U.S. colleges that properly serve the disadvantaged — by offering a quality education to a significant number of low-income students at a reasonable price.
The report, issued this month, draws this stark conclusion from new federal data on the net price of higher education, after accounting for grant aid.
Dozens — perhaps hundreds — of colleges offer sufficient need-based aid for the neediest students, those with family incomes below $30,200. Those students may pay only a small fraction of the full “sticker” price to attend.
But in EdTrust’s view, most schools don’t do enough. Low-income families received an average of $9,704 in grant aid in 2007, leaving an unmet need of $11,352. That’s about three-quarters of their total income.
The analysis found 275 colleges that require their neediest students to pay more than their total family income to attend.
Read the full story at the Washington Post.
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