A new report from the Education Trust suggests that only a handful of colleges are prepared to meet the needs of lower-income students.
The report, "Priced Out: How the Wrong Financial Aid Policies Hurt Low-Income Students" looks at 1,186 colleges nationwide, which had comparable data on what lower-income students pay for college.
Success was measured in three key areas: colleges must enroll a proportion of low-income students comparable to the national average, low-income students must pay a portion of their family income that is no greater than what is paid by the average middle-income student and students must have a decent chance of graduating - about 50 percent.
"Of these, only five open their doors to a proportion of low-income students," the authors Mamie Lynch, Jennifer Engle and Jose L. Cruz write.
Read more: Diverse Issues in Higher Education: Report: Low-Income Students "Priced-Out" of College
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