What is Affordability?
Nothing like restating the obvious question! But we have to start with what students really have to pay. And this is where Kentucky might have a bright spot or two – in case you thought the trends in Part I of this blog were depressing.
When we focus only on rising tuition costs, it leaves out other important cost and resource considerations – namely room, board, and other living expenses, as well as resources students get from financial aid. When you combine all this together, you get to the clearer measure of real costs to students – Net Price – the amount left over to be covered by student resources (i.e. savings, student debt, work).
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