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|a Hill, Catherine B.
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|a Access :
|b Net Prices, Affordability, and Equity at a Highly Selective College. Discussion Paper /
|c Catherine B. Hill and Gordon C. Winston.
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|a [Place of publication not identified] :
|b Distributed by ERIC Clearinghouse,
|c 2001.
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|a 27 pages
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|a Sponsoring Agency: Andrew W. Mellon Foundation, New York, NY.
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|a ERIC Note: Produced by the Williams Project on the Economics of Higher Education. Contains small print.
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|a All of the financial aid decisions at Williams College (Williamstown, Massachusetts) for the past 14 years--nearly 14,000 of them--were reviewed to see how much students actually paid for tuition, room, board, and fees to go to that highly selective and expensive school, their net prices. Williams practices need-blind admission with full need-based financial aid and gives neither merit nor athletic scholarships. A family's economic circumstances are the only reason for a price adjustment. So these data can answer the motivating question of the study: "Can highly able low income students reasonably aspire to go to the best and most expensive colleges in the country?" Do need-blind admission and full need financial aid, in other words, really work to serve merit and equity at the same time? With income and net price data on all aided students and income data for families at the 95th and 99th percentiles of the U.S. income distribution who pay the full sticker price, the study could describe the net price pattern across the whole student population as pricing policies have evolved at Williams (and similarly at other highly selective schools). The end point, in the current academic year, sees a remarkable similarity in the shares of income paid for a year at Williams. Aided students across the 5 quintiles pay, on average, 11% to 19% of their pretax family incomes, with the lowest income quintile paying the smallest share, while those at the 95th and 99th percentiles, paying full price, spend 21% and 9% of their incomes, respectively, for a year at Williams. One usually concrete number is that the average student in the bottom 20% of the income distribution pays $1,693 while the full tuition is $32,470. An appendix discusses the study data. (Contains 8 tables, 7 figures, and 16 references.) (Author/SLD)
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|c ERIC Clearinghouse
|e microfiches : positive.
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|a Access to Education.
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|a Decision Making.
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|a Equal Education.
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|a Higher Education.
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|a Merit Scholarships.
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|a Need Analysis (Student Financial Aid)
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|a Paying for College.
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|a Selective Admission.
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|a Student Costs.
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|a Student Financial Aid.
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|a Affordability
|a Williams College MA
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|a Reports, Research.
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|a Winston, Gordon C.,
|e author.
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|a Williams Coll., Williamstown, MA.
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