The Affordability of Public Higher Education: 1970–90
Michael Mumper
Abstract
Michael Mumper
Abstract
The paper compares changes in family income, Pell grants, Stafford loans, and state grants with changes in the average costs of public universities and two-year colleges. It concludes that both sectors of higher education became more affordable to low- and middle-income families during the 1970s. But beginning in 1980 they both became less affordable. The only exception was that two-year colleges became increasingly affordable to low-income families during both decades.
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The paper compares changes in family income, Pell grants, Stafford loans, and state grants with changes in the average costs of public universities and two-year colleges. It concludes that both sectors of higher education became more affordable to low- and middle-income families during the 1970s. But beginning in 1980 they both became less affordable. The only exception was that two-year colleges became increasingly affordable to low-income families during both decades.
Key concepts: Higher education, Public education, Economics, Demographic economics, Psychology, Mathematics education, Political science, Economic growth