1. Unequal Family Income and Unequal Opportunity for Higher Education
Intro
Unequal Family Income and
Unequal Opportunity for Higher Education
Tri-State Conference
Bally’s Atlantic City
Atlantic City, New Jersey
April 24, 2017
Tom Mortenson
Senior Scholar,
The Pell Institute for the Study of Opportunity in Higher Education
Higher Education Policy Analyst,
Postsecondary Education OPPORTUNITY

21. Financial Need Analysis Model
Cost of Attendance
Tuition and fees
Room and board
Books and supplies
Personal and medical care
Transportation
Less: Expected family contribution
Income and assets
Family size
Number of children enrolled in college
Equals: Financial need
Gift aid: grants, scholarships, waivers
Earnings from work/study
Education loans: subsidized/unsubsidized Stafford, PLUS
Federal tax credits

27. Tertiary Type-A Degree Attain 25-34 yr olds OECD 200327

30. Restoring College Affordability
Federal
$13,000 Pell Grant maximum award
$2,000 Super Pell to fund negative EFC calculated from FAFSA
Income contingent education loan repayment
College work-study for all students
States
Required 50:50 match to federal Pell Grant
Institutions
Continued eligibility for Title IV participation contingent on progress toward broadening enrollment of students from low income families

31. Contact Information:
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Final