Parents who send their children to four-year colleges have long been above average when it comes to income. But today’s freshmen are financially better off than ever before, and the gap is widening, a report on 40-year trends in higher education shows.
Freshmen in 2005 reported median family incomes 60% higher than the national average, says the report, released by UCLA’s Cooperative Institutional Research Program. In 1971, incomes were 46% above the national average.
Office of Strategic Communication