Means-testing Fail, says The Atlantic

Inadvertently, America’s higher education system has become a massive lab experiment, the results of which suggest that means testing social programs can ultimately hurt the very people it is meant to protect.

… At Penn State, which uses the high-tuition, high-aid model, the sticker price for tuition at the school’s flagship campus was $15,250 for the 2010-2011 school year, the most recent year for which all data is available. Including room and board and other expenses and subtracting financial aid, public college students from Pennsylvania families making less than $30,000 a year faced a bill of almost $17,000 per year. Families had to pay more than half of their yearly income to send one child to school. That’s after factoring in financial aid from any source, including the maximum federal Pell Grant awarded to the student.

http://www.theatlantic.com/business/archive/2013/07/how-not-to-help-the-poor-the-lesson-of-soaring-college-prices/277658/

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