Isnt it true that college is too expensive for everyone but the wealthiest people to afford?
No. Actually, 38% of students attending four-year schools pay less than $4,000 for tuition and fees, and almost 70% of students attending four-year schools pay less than $8,000 for tuition. Only 7% of all students attend schools with tuition of $24,000 or more. This does not even include grants, which subtract the cost 25% on average. This is largely due to the more than $74 billion in financial aid each year that goes to college students in need of financial assistance. About 20% of undergraduates come from families with income below $20,000 per year.
