For decades, income has been the determining factor when considering a student’s financial need. A recent analysis from the Institute of Higher Education Policy has found however, that family wealth affects the likelihood that a student’s parents have saved for college. As such, researchers argue that looking at wealth and income, rather than income alone, could make for a fairer system in the distribution of federal financial aid.
To read more about the Institute of Higher Education’s research, visit the link below.
In a world where a person’s decision to go to college depends on their ability to pay for college, money is everything.
