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From Tom Engelhardt
Andy Kroll, The Crisis of College Affordability
And of course, the CPI used in the above calculations is the official CPI -- things are of course nuch worse when compared to the 1970's when you take the shadowstats CPI as the valid one.
Andy Kroll, The Crisis of College Affordability
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How the Cost of Higher Education Is Dividing Our Country
By Andy Kroll
A few months ago, Bobby Stapleton, a 21-year-old student at the University of Michigan, received a phone call from his younger brother. The good news came first: a senior in high school, he, too, had been accepted by the university, the fourth sibling in his family to have the opportunity to make the move to Ann Arbor from rural Hemlock, Michigan.
Then came the bad news: his brother had no intention of telling their parents, because as Bobby put it, "he knew the money just wasn't there anymore, and that it wasn't realistic." The financial crisis had plunged the Stapleton family into severe debt. At this point, paying Michigan's modest (by college standards) $11,000 tuition for another child appeared unlikely. As his younger brother told their younger sister, Bobby recalled, "Things were just going to have to be different for the two of them."
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Engines of Inequality
Welcome to the other crisis spreading quietly across the country: the crisis of college affordability. Talk to enough students and families on a college campus like the University of Michigan, where I'm a student, and you'll hear plenty of stories like Bobby Stapleton's -- of families scraping by in increasingly tough times as tuition bills rise, of students working second and third jobs, of newly minted graduates staggering into an ever more jobless world under the weight of tens of thousands of dollars in student-loan debt.
This crisis has been a long time coming, but bad times have brought it into clearer focus. In the past several decades, the cost of higher education has climbed at an astounding pace -- faster than the Consumer Price Index, faster even than the cost of medical care. Over the past 30 years, the average cost of college tuition, fees, and room and board has increased nearly 100%, from $7,857 in 1977-1978 to $15,665 in 2007-2008 (in constant 2006-2007 dollars). Median household income, on the other hand, has risen a mere 18% over that same period, from about $42,500 to just over $50,000. College costs, in other words, have gone up at more than five times the rate of incomes.
Simply to ensure that a child attends a four-year public university, a family in the country's lowest-income bracket now has to pay, on average, 55% of total income (up from 39% in 2000); for a middle-income family, the average is 25% (up from 18% in 2000); and for an upper-income family, 9% (up from 7%), according to "Measuring Up 2008: The National Report Card on Higher Education" by the National Center for Public Policy and Higher Education. Similar figures hold for four-year private schools: In Missouri and Texas, almost 70% of family income is needed to pay college expenses for a four-year private school, after financial aid is included; in New York and Pennsylvania, it's nearly 90%.
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"Engines of Inequality," a 2006 report by The Education Trust, a national education advocacy and policy organization, found that state flagship universities and a group of other major research universities spent $257 million in 2003 on financial aid for students from families earning more than $100,000 a year. Those same universities spent only $171 million on aid to students from families who made less than $20,000 a year. Similarly, between 1995 and 2003, according to the report, grant aid from the same public universities to students from families making $80,000 or more increased 533%, while grant aid to families making less than $40,000 increased only 120%.
How the Cost of Higher Education Is Dividing Our Country
By Andy Kroll
A few months ago, Bobby Stapleton, a 21-year-old student at the University of Michigan, received a phone call from his younger brother. The good news came first: a senior in high school, he, too, had been accepted by the university, the fourth sibling in his family to have the opportunity to make the move to Ann Arbor from rural Hemlock, Michigan.
Then came the bad news: his brother had no intention of telling their parents, because as Bobby put it, "he knew the money just wasn't there anymore, and that it wasn't realistic." The financial crisis had plunged the Stapleton family into severe debt. At this point, paying Michigan's modest (by college standards) $11,000 tuition for another child appeared unlikely. As his younger brother told their younger sister, Bobby recalled, "Things were just going to have to be different for the two of them."
.
.
.
.
.
.
.
Engines of Inequality
Welcome to the other crisis spreading quietly across the country: the crisis of college affordability. Talk to enough students and families on a college campus like the University of Michigan, where I'm a student, and you'll hear plenty of stories like Bobby Stapleton's -- of families scraping by in increasingly tough times as tuition bills rise, of students working second and third jobs, of newly minted graduates staggering into an ever more jobless world under the weight of tens of thousands of dollars in student-loan debt.
This crisis has been a long time coming, but bad times have brought it into clearer focus. In the past several decades, the cost of higher education has climbed at an astounding pace -- faster than the Consumer Price Index, faster even than the cost of medical care. Over the past 30 years, the average cost of college tuition, fees, and room and board has increased nearly 100%, from $7,857 in 1977-1978 to $15,665 in 2007-2008 (in constant 2006-2007 dollars). Median household income, on the other hand, has risen a mere 18% over that same period, from about $42,500 to just over $50,000. College costs, in other words, have gone up at more than five times the rate of incomes.
Simply to ensure that a child attends a four-year public university, a family in the country's lowest-income bracket now has to pay, on average, 55% of total income (up from 39% in 2000); for a middle-income family, the average is 25% (up from 18% in 2000); and for an upper-income family, 9% (up from 7%), according to "Measuring Up 2008: The National Report Card on Higher Education" by the National Center for Public Policy and Higher Education. Similar figures hold for four-year private schools: In Missouri and Texas, almost 70% of family income is needed to pay college expenses for a four-year private school, after financial aid is included; in New York and Pennsylvania, it's nearly 90%.
.
.
.
.
.
.
.
"Engines of Inequality," a 2006 report by The Education Trust, a national education advocacy and policy organization, found that state flagship universities and a group of other major research universities spent $257 million in 2003 on financial aid for students from families earning more than $100,000 a year. Those same universities spent only $171 million on aid to students from families who made less than $20,000 a year. Similarly, between 1995 and 2003, according to the report, grant aid from the same public universities to students from families making $80,000 or more increased 533%, while grant aid to families making less than $40,000 increased only 120%.
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