National study gives the State of Minnesota a "D" for college affordability
Today's Minneapolis Star Tribune reports:
Public college costs are taking a much bigger bite out of the average Minnesota family's annual income than in recent years, according to a nationwide report released today.
In 1992, the average Minnesota family paid about 19 percent of its income to attend a public four-year college or university. Now, the average family pays about 26 percent of its income, says the highly regarded National Center for Public Policy and Higher Education.
How do we compare to other states?
The report gave Minnesota a "D" for college affordability. But that was pretty good, relatively speaking: 43 states got "F's" in college affordability. The highest grade was a "C-," awarded to Utah and California.
Nationwide, costs at four-year public colleges and universities rose from 19 percent in 1992 to 31 percent this year.