Wednesday, April 1, 2015

The Decreasing Affordability of Public Flagships, in One Chart

The Chronicle of Higher Education
April 1st, 2015

Public flagship universities appear to have become less affordable over the past five years to the very people they were created to serve — the residents of their home states.
Affordability at public colleges depends on two factors: the price, which is itself partly a function of state support, and students’ ability to pay it. And as this Chronicle analysis shows, in nearly four out of five states, the average net price of the flagship university now makes up a greater proportion of the median household income for state residents than it did five years earlier. Put another way, the average net price at flagships increased at a far faster pace than did median household incomes.
You can plainly see that in this simple chart. Or, maybe not so simple, so stick with us for the full breakdown of the findings.

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