A Sobering Look at College Affordability
"It’s no secret that many of the metrics used to gauge families’ ability and willingness to pay for higher education are headed in a direction that’s a little bit frightening for colleges," Beckie Supiano writes for the Chronicle of Higher Education's Head Count blog. "Brian Zucker ran through some of those measures during a presentation here on Sunday at the annual meeting of the National Association of Student Financial Aid Administrators. The measures matter, said Mr. Zucker, president of the Human Capital Research Corporation, a higher-education consulting firm. 'Education finance,' he said, 'is joined at the hip with family economics itself.' The median income of families whose head of household is 45 to 54—prime college-parent age—has dropped, Mr. Zucker said. The same is true for families led by 25-to 34-year-olds."
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