Reply to WaPo feature on bad economic outlook for colleges

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The thing I took away from the article, was that this isn't just about population decline, it's another income disparity issue.  Colleges don't just need high school graduates, they need high school grads in the 1%.  As income disparity has increased, there are fewer and fewer full pay students to fight over.  The top schools will always receive plenty of qualified full pay applicants, and they are expert at ensuring their balance of need/full freight covers costs.[/quote]

Or rather while in the past maybe the top 20% could comfortably afford college, now it's only the top 1%, and this has more to do with the hollowing out of the middle class, than the rise in tuition.[/quote]

This. And first generation college students can no longer work their way through college, or even partially through college.

Three decades ago my parents could pay for part of my education, scholarships paid for the other portion, and my part time job paid for all my other expenses so my blue collar middle class parents (lower middle class by dcum standards) didn't have to. Now? Doubtful this could work financially. [/quote]

Agreed. And even in the 1990s it was already getting harder compared to earlier decades. My mother grew up in a lower middle/working class family, daughter of a carpenter and bookkeeper. She was able to go to a private LAC in the 1960s with her parents paying about 2/3ds and a scholarship covered the rest. Today that would just not happen. [/quote]

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