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Intro

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									                                                             Intro

    Deterioration in
  College Affordability
        Council for Opportunity in Education
             2010 Annual Conference
                San Diego, California
                  September 2, 2010

                           Tom Mortenson
                            Senior Scholar
The Pell Institute for the Study of Opportunity in Higher Education
                  Higher Education Policy Analyst,
            Postsecondary Education OPPORTUNITY
The Education Pipeline by Family Income

      • Family Income Quartiles (2008)
         • Bottom: $0 to $38,340
         • Second: $38,341 to $66,675
         • Third: $66,676 to $107,000
         • Top: $107,001 and over
      • Measurement Points
         • High school graduation
         • College continuation
         • Estimated bachelor’s completion by age 24
         • Estimated bachelor’s attainment by age 24
High School Graduation Rates
College Continuation Rates
College Participation Rates
Est Bachelor’s Degree Completion
Est Bachelor’s Degree Attainment
Change in Est Bachelor’s Degree
            Attain.
Distrib
ution
  of
Bache
 lor’s
Degre
Distribution of Revenue Sources for
 Financing Higher Educ 1952-2008
Share of Federal Student Fin Aid Based
    on Financial Need 1964-2009
Purchasing Power of Pell Grant Max
             Award
State Fiscal Support Fy1961 to Fy2010
State Fiscal Support Operating Expenses
Higher Ed per $1000 Personal Inc FY2010
Change in State Fiscal Support per $1000
   State Personal Inc FY1980-FY2010
Ntl Average Resident Undergrad Tuition
      – Required Fees Public Inst
Share of State Student Financial Aid
Based on Financial Need 1982-2008
The Reality:
Financial Barriers to Opportunity

    • Unmet financial need
    • Student work/loan burden
    • Net price to family
    • Net price tax on parent income
Financial Aid Resources Recvd Full-time, full-yr
   depend undergrads 1 Institution 2007-08
Financial Resources & Barriers full-time, full-yr
   depend undergrad 1 Institution 2007-08
    Family Income Quartiles for
      College Undergraduates
               (2008)
•   Bottom: $0 to $39,229
•   Second: $39,230 to $72,904
•   Third: $72,905 to $112,048
•   Top: $112,049 and over
Mean Unmet Financial Need by Parents’
   Income Quartiles 1990 to 2008
        Mean Unmet Fin Need_Inst
Control/Level/Bottom 2 Parental IncQuartile
 Mean Student Work/Loan Burden by
Parents’ Income Quartiles 1990 to 2008
  Mean Student Work/Loan Burden Inst
Control/Level Bottom 2 Parental Inc Quartile
Mean Net Price to Family by Parents’
  Income Quartiles 1990 to 2008
Mean Net Price to Family Parents Inc by Inst
Control/level bottom 2 parental inc quartiles
Mean Net Price to Family % of Parents
              Income
Mean Net Price % Parent Inc by Parent Inc Instit
      control/level bottom 2 quartiles
 Just
 and
Efficie
  nt
Colleg
    Resources:
www.postsecondary.org
tom@postsecondary.org

								
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