Affordability: Family Incomes and Net Prices at Highly Selective Private Colleges and Universities

Working from the financial aid records of individual students at 28 highly selective private colleges and universities, we were able to calculate both the price the low-income students at these schools actually pay for a year’s education, net of financial aid grants, and how the schools differentiat...

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Bibliographic Details
Published in:The Journal of human resources 2005-10, Vol.XL (4), p.769-790
Main Authors: Hill, Catharine B, Winston, Gordon C, Boyd, Stephanie A
Format: Article
Language:English
Subjects:
Average prices
College students
Colleges
Colleges & universities
Cost of education
Economics of education
Education policy
Family income
Family studies
Household income
Income shares
Low income
Low income families
Low income groups
Median family income
Net prices
Pricing
Pricing policies
Private schools
Student financial aid
Students
Studies
Tertiary education
U.S.A
Universities
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Summary:Working from the financial aid records of individual students at 28 highly selective private colleges and universities, we were able to calculate both the price the low-income students at these schools actually pay for a year’s education, net of financial aid grants, and how the schools differentiate net price in recognition of their students’ different family incomes—their pricing policies.
ISSN:0022-166X
1548-8004
DOI:10.3368/jhr.XL.4.769