Most Colleges Are Unaffordable For Low-Income Students

Student loan forgiveness has taken up most of the airtime in higher education over the past year and at the moment, faces an uncertain future after two court cases have put the plan on hold. Unfortunately, those student loan balances have been partially driven by a lack of affordable higher education choices for students, especially students from low-income backgrounds. Higher education is one of the best routes out of poverty for students from low-income households, but far too few colleges are affordable for the students who benefit the most from a college education.

Public institutions are meant to be the affordable choice for students who do not have the luxury of being able to cover tens of thousands of dollars in tuition without blinking. Unfortunately, only 24 percent of four-year and 40 percent of two-year public colleges can be considered affordable based on a new report from the National College Attainment Network (NCAN). Students end up with too much loan debt when the supposedly affordable choices are no longer that.

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