"Most undergraduates go to college in their home state, and most head to public institutions. As demographics change and college costs rise, going away to college might become even more unusual," according to National Journal.
"More than one-third of undergraduates lived with their parents during the 2011-12 school year—the highest share in 20 years, according to federal data released to National Journal. The share, charted below, includes students of all ages pursuing two-year or four-year degrees.
There are a number of reasons why students might choose to attend a nearby college or university, from family ties to academic preparation. Lack of information may also narrow some students' options: Stanford's Caroline Hoxby and Harvard's Christopher Avery have found that high-achieving, low-income students often don't apply to any selective colleges at all, although they would have a good chance of getting in. ...
Rising tuition prices, combined with an economy that still feels like a recession to many families, may be turning more students into pragmatists. Almost 70 percent of families recently surveyed by Sallie Mae, a financial-services company, said they chose an in-state institution in order to save on tuition. Fifty-four percent said that the student was living at home to save money."
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Publication Date: 9/29/2014