"The high cost associated with college is one of the greatest deterrents for students interested in higher education. A 2024 survey by Inside Higher Ed and Generation Lab found that 68 percent of students believe higher ed institutions charge too much for an undergraduate degree, and an additional 41 percent believe their institution has a sticker price that's too high."
"Methodology: NCAN's formula for affordability compares total cost of attendance (tuition, fees, housing, etc.) plus an emergency reserve of $300 against any aid a student receives. This includes grants, federal loans and work-study dollars, as well as expected family contribution and the summer wages a student could earn in a full-time, minimum-wage job in their state. Housing costs vary depending on the student's enrollment: Bachelor's-granting institutions include on-campus housing costs, and community colleges include off-campus housing rates."
High college costs deter many students, with 68 percent saying institutions charge too much and 41 percent calling sticker prices too high. A majority of two- and four-year colleges cost more than the average student can pay, sometimes by as much as $8,000 annually. Additional state and federal financial aid is needed to close affordability gaps and expand access for low- and middle-income students. NCAN's affordability formula compares total cost of attendance plus a $300 emergency reserve against all aid, including grants, loans, work-study, expected family contribution, and potential summer wages. Housing costs are counted differently by institution type. An unexpected $300 expense would threaten enrollment for 9 percent of undergraduates surveyed.
Read at Inside Higher Ed | Higher Education News, Events and Jobs
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