1B1

Percentage of family income required to pay for college after grant and scholarship aid by income quintiles

Methodology

Measuring Up
Calculates percentage of family income required to pay “net college costs” by income quintile and sector (community colleges, public four-year, and independent four-year).

New Data Acquisition Method
UNIT RECORD:
Numerator
Discuss incorporation of Federal, State, and Institutional Disbursements of financial Aid in EMSAS data (e.g. Fall Enrollment). Additionally we would need family income for non-FAFSA students.

Denominator
Institution attended average expernses (tuition, fees, room, and board)

Definitions

Net College Cost in Each Sector: Average net cost of attendance in each sector of higher education is calculated by subtracting total average financial aid received (federal + state + institutional) from average expenses (tuition + fees + room + board). While students and their families incur the same expenses in a given sector regardless of income, they receive different amounts of financial aid depending on their income level. Therefore, the net college costs differ for each family income quintile in the state (Measuring Up).

Sources:

Measuring Up. Other potential sources: FAFSA, IPEDS, National Association of Colleges and University Business Offices, University financial aid offices (new collection), University and College Accountability Network

Limitations and Issues:

  • Measuring UP
    • Only Biannual data
    • Some subcomponents in Measuring Up may be based on somewhat dated data, but would provide benchmark comparisons across states and sectors.

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