Promise Abandoned

DMI Blog has a great post up about inequality and higher education costs:

In a nut shell: a person's access to higher education is becoming more and more unequal as a new report by the Education Trust points out. They are right when they say "That is bad for low-income and minority families and bad for America."

The report, Promise Abandoned: How Policy Choices and Institutional Practices Restrict College Opportunites, highlights two huge problems in achieving equality of access to higher education: college costs and student retention. The cost of four-year college has increased over the last twenty years faster than inflation or the family income. Funding impacts the number of low-income students going to college. If you are from a high-income family you have a 75% chance of getting a bachelor's degree by age 24; low-income fewer than 9% chance of a bachelor's by 24.

There's a lot of fantastic stuff coming out about student debt, predatory lending, and other financial/educational issues facing people in their 20's. I'm hoping to have a policy post up about it later this week.

Also hope to have a report from RootsCampDC as well.