Saturday, May 7, 2016

The richest 25% of American families account for more than half of all college graduates - Jillian Berman, Market Watch

A new report offers more insight into why student debt is often an unequal burden. Graduating college is much harder if you’re poor, a new report indicates. In 2014, just 10% of dependent family members who said they received a bachelor’s degree by the time they were 24 years old came from families in the lowest income quartile, according to a study released Tuesday by the Pell Institute for the Study of Opportunity in Higher Education in Washington, D.C. and PennAhead, an organization at the University of Pennsylvania focused on higher education policy. By contrast, 54% of bachelor’s degrees awarded to dependent family members went to those in the highest income quartile.

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