Getting poor kids to good colleges — for $6 per student

Informing low-income, high-achieving students about college options and financial aid is a very cost-effective way to encourage more low-income students to attend top colleges, where they’re more likely to earn a degree, make valuable connections and move up the social and economic ladder. An information program cost $6 per student, financial aid assistance cost $100 per additional student enrolled and increasing Stafford loans costs $20,000 per additional student, estimates Brookings researchers.

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  1. Linda Seebach says:

    As far as I know, there is no evidence that going to a more selective college increases a given student’s chances of graduating; and, if there is a mismatch — the student’s entering grades and test scores are far below the average for that school’s entering class — may well decrease the student’s chances.

    It is true that for the student body as a whole, graduation rates are higher at selective schools; but that is primarily because the entering classes at such schools present better credentials on average.