I use quotation marks, because merit aid is granted to half the students at public colleges and 84% at private colleges.
Today the average merit-aid discount at private colleges is $23,000 — leaving the student to cover the remaining $30,000 or $40,000.
At four-year public colleges, tuition now accounts for 52% of operational revenue, versus 48% from state funding.
To make college more accessible, we need to make greater public investments — at both the state and federal levels — in higher education.
James S. Murphy is a higher education policy analyst at Education Reform Now.
Persons:
Joe Biden, YouGov, Gen, Gen Zers, You'll, Pell Grant, Dominique Baker, —, Getty, Ben Sasse, who's, Sasse, David Feldman, William & Mary, Ford, Feldman, they're, Sandy Baum, It's, There's, Baum, They're, Josh Shapiro, Spencer Cox, shouldn't, James S, Murphy
Organizations:
Insider, Harvard, of California, Southern Methodist University, Ivy League, U.S . News, Honda, Porsche, University of Florida, McKinsey & Company, University of Oklahoma, University of Kentucky, Ford, Apple, Fordham, Appalachian, William &, Technology, West Virginia University, WVU, Urban Institute, Google, Reform, Twitter
Locations:
United States, Italian, Appalachian State, America, Pennsylvania, Utah