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"You Pay Your Share, We'll Pay Our Share": The College Cost Burden And The Role Of Race, Income, And College Assets, William Elliott, Terri Friedline
"You Pay Your Share, We'll Pay Our Share": The College Cost Burden And The Role Of Race, Income, And College Assets, William Elliott, Terri Friedline
Center for Social Development Research
Changes in financial aid policies may place too much of the burden of paying for college on students. In addition, incentives for accumulating college assets may exacerbate the college cost burden on minority and lower income students. Our study investigated the impacts of these policy changes on college cost burden using trivariate probit analysis with predicted probabilities. We find that recent changes in the financial aid system place a higher responsibility on African American, Latino/Hispanic, and moderate-income students to pay for college themselves. an implication is that greater opportunities for more and higher dollar grants and scholarships at 4-year colleges …