This bodes well for the creation of a permanent elite class, wouldn’t you say?
U.S. college freshmen are wealthier than at any point in the past 35 years, and the income gap is widening between their families and the rest of the nation, a study indicates.
This academic year’s entering class came from families with income 60 percent greater than the national median, as tuition increases shut out lower-income students, the Higher Education Research Institute at the University of California, Los Angeles, said in a report Monday. The gap was 46 percent in 1971, according to the study of more than 8 million students over 40 years.
The findings, based on the biggest and longest-running survey of college students, may buttress criticism from members of Congress over the increasing cost of a college education. Tuition and fees have risen 35 percent so far this decade at public four-year institutions and 11 percent at their private counterparts, the researchers said, citing College Board figures.
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Who can afford to attend college?…
Susie at Suburban Guerilla found this article about the rising income levels of new college students, and it made me wonder how much people paid for college tuition (assuming they attended) back when they were full-time students. Here’s an interesting…