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College_Affordability-What_Is_It_and_How_Can_We_Measure_It

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College_Affordability-What_Is_It_and_How_Can_We_Measure_It

College Affordability:What Is It and How Can We Measure It?College affordability applies to students, not to parents.Parents can subsidize students to

College_Affordability-What_Is_It_and_How_Can_We_Measure_Ito make college more affordable for them. But the focus should be on the students themselves.Sandy BaumResearch Professor of Education Policy George Wa

shington University Senior FellowThe Urban InstituteandJennifer MaPolicy Research Scientist The College Board41730This paper is one in a series of rep College_Affordability-What_Is_It_and_How_Can_We_Measure_It

orts funded by Lumina Foundation. The series is designed to generate innovative ideas for improving the ways in which postsecondary education is paid

College_Affordability-What_Is_It_and_How_Can_We_Measure_It

for in this country—by students, states, institutions and the federal government—in order to make higher education more affordable and more equitable.

College Affordability:What Is It and How Can We Measure It?College affordability applies to students, not to parents.Parents can subsidize students to

College_Affordability-What_Is_It_and_How_Can_We_Measure_Iton, George Washington University, the Urban Institute, or the College Board.Table of ContentsExecutive Summary........................................

..........................................1Section 1What Does It Mean for College to be ‘ Affordable?”...................................4Unmet Need.. College_Affordability-What_Is_It_and_How_Can_We_Measure_It

........................................................................4Expensive vs. Unaffordable...................................................

College_Affordability-What_Is_It_and_How_Can_We_Measure_It

.......5Uncertain Outcomes..................................................................6Section 2Affordable for Whom?............................

College Affordability:What Is It and How Can We Measure It?College affordability applies to students, not to parents.Parents can subsidize students to

College_Affordability-What_Is_It_and_How_Can_We_Measure_Itof College.........................................................7Trends in Published Prices and Net Prices.........................................

..7A Context for College Prices.......................................................10Choosing Benchmarks........................................... College_Affordability-What_Is_It_and_How_Can_We_Measure_It

.....................12Actual vs. Perceived Affordability.......:.....'7................................ 12Variation in Prices.......................

College_Affordability-What_Is_It_and_How_Can_We_Measure_It

.........................................13Opportunity Costs..................................................................14Section 4How Much Can

College Affordability:What Is It and How Can We Measure It?College affordability applies to students, not to parents.Parents can subsidize students to

College_Affordability-What_Is_It_and_How_Can_We_Measure_It......17Savings............................................................................17Section 5How Much Can Students Afford to Contribute Out o

f Income?...........................18Payments for College Out of the tarnings Premium...................................21Section 6Developing Metrics College_Affordability-What_Is_It_and_How_Can_We_Measure_It

..................................................................23Section?Summary...................................................................

College_Affordability-What_Is_It_and_How_Can_We_Measure_It

..........24Endnotes .........................................................................................25AppendixAdditional Examples of Potenti

College Affordability:What Is It and How Can We Measure It?College affordability applies to students, not to parents.Parents can subsidize students to

College Affordability:What Is It and How Can We Measure It?College affordability applies to students, not to parents.Parents can subsidize students to

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