According to a recent study, only 5 colleges are doing well by low-income students, the Chronicle of Higher Education reported on Wednesday.
The study, entitled "Priced Out: How the Wrong Financial-Aid Policies Hurt Low-Income Students," was conducted by the Education Trust, an advocacy and research group, that was initially compiling a "best value" list for low income students. When, however, so few of the 1,186 schools the trust examined fit the criteria established to indicate "best value," the list metamorphized into a policy critique of sorts-- the first major examination of an outside group of federal data on college's net price according to income. The study examined information from the 2008-2009 academic year.
The Education Trust's standards were stringent. The Chronicle has more on their methodology:
Four-year colleges had to cost no more than $4,600 a year after all grants for students in households earning up to $30,000 a year. The colleges also had to have at least a 50-percent six-year graduation rate, and at least 30 percent of their enrollments had to be Pell Grant recipients.
Check out our slide show of the 5 schools that made the cut below, and then tell us, is your school a good value? Weigh in, in the comments section.