If you look at the sticker price, the cost of college tuition has gone up alarmingly in recent years. Luckily, many families with children attending top schools don’t have to pay full price to do so, thanks to scholarships, grants, financial aid, and other funding sources. Take Johns Hopkins, for example.
The school, which is the 12th best in the country (according to this year’s U.S. News ranking, that is), is one of the most expensive in the country, with tuition costing more than $61,000 per year. But low- to middle-income families can expect to pay a fraction of that amount; the average net price for a year at Hopkins will cost them only $8,600, according to recent data crunched by the New York Times.
The school has made an effort to recruit a more economically-diverse student base in recent years via efforts like the Baltimore Scholars program. As a result, its seen its share of students receiving Pell grants (a reliable marker for students form low-income families) rise from 12 percent in 2008 to 14 percent from 2012-14. That’s still lower than many schools with similar student bodies — for example, 23 percent of Vassar students receive Pell grants — but it’s a move in the right direction.
Meanwhile, another Baltimore university — ahem, Loyola — ranks near the bottom in the Times’s list of colleges with economic diversity…
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