Over the last three decades, college costs have increased nearly four times faster than median family income. Financial aid has not filled the growing gap, and “unmet financial need”—the share of college costs not covered by financial aid or what the family is expected to contribute—has risen sharply.
Over the last three decades, college costs have increased nearly four times faster than median family income. Financial aid has not filled the growing gap, and “unmet financial need”—the share of college costs not covered by financial aid or what the family is expected to contribute—has risen sharply.