College Access

About this Policy

Every person should have access to the tools they need to build financial security – this includes access to a college education. We know that higher education is one of the most effective tools we have to promote economic mobility. But for too many families, college is out of reach.

Policy Highlights

    Disparities in College Access

    Cost of College: College is already very expensive, and the costs keep rising. Costs at public universities have risen 60% in the past two decades. As a result, many families may not believe it is a realistic path.

    Financial Aid is Not Enough: Financial aid is meant to help families afford college, but for a lot of families financial aid isn’t enough. Many low-income students do not receive enough financial aid. For example, financial aid falls short by about $7,000 for low-income families.

    With so much un-met financial need, many students may decide not to enroll in college or, if they do, they may not be able to complete college. This leads to very different outcomes for kids from low-income and high-income families. Children from high-income families are 6 times more likely to complete college by age 25 than low-income children.

    College Completion: