The Real Cost of College vs. College Spending Per Student

Written by Derek Thompson, The Atlantic

“Two-year for-profit schools spend 87 percent less per student than the most selective colleges, but for low-income students, they cost almost 200 percent more. Consider this graph a coda for my earlier piece, “Why Smart Poor Students Don’t Apply to Selective Colleges (And How to Fix It)”. It’s drawn from the appendix of a new paper by Caroline M. Hoxby and Christopher Avery. The school categories — “most competitive” through “for-profit 2-year” — come from Barron’s Profiles of Americans Colleges. (That book is controversial for many of the same reasons that every college guide is controversial, but it provides a good direction.)”