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Financial Aid in the News

Study Finds Parental Income Helps Determine Payoff From A Bachelor's Degree (The Chronicle of Higher Education)

"The short-term economic benefits that people derive from earning a bachelor's degree vary according to their own parents' economic situation," The Chronicle of Higher Education reports on a study presented this week at the annual meeting of the American Educational Research Association. "The study... notes that many studies have concluded that people with bachelor's degrees earn substantially more than people without them, but none of the previous studies have looked at the influence of students' family wealth on how much such degrees pay off. The good news for low-income students is that people from families in society's bottom socioeconomic quartile appear to reap slightly bigger economic gains from earning a bachelor's degree than students from the top quartile."

You can read the complete March 26, 2008 Chronicle of Higher Education news blog on-line.

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