"At These Prices, The Poor Get Poorer,

Parents Forum
1

<p>The Rich Get College"</p>

<p>The headline from the Sunday New York Times (Business Section). The short article goes on to state:</p>

<p>
[quote]
Pondering those staggering [college] costs, one can't help wondering who, exactly, can afford this most necessary of luxuries. The answer, increasingly, is the rich. Roughly have of American families make less than $50,000 a year, but according to The Chronicle of Higher Education, just 30% of current college freshmen come from that group.</p>

<p>A decade ago, just 14 percent of freshmen had parents who made more than $100,000; that has shot up to 32 percent. And only part of that can be attributed to inflation.

[/quote]
</p>

<p>More fuel for the fire.</p>

2

<p>Does the article state what percentage of freshman had parents who made less than $50,000 per year, a decade ago?</p>

3

<p>yes but don't forget that college aid has also gone up in the last decade too. Now, it does not matter which private elite school you go to. Your out-of-pocket cost is roughly the same (EFC). Perhaps this may also explain increasing applications to elite schools. If it costs the same, then would you go to Vanderbilt or Harvard?</p>

4

<p>And the middle class get poorer, too!</p>