Top 10 Community Colleges In The Us – Students at elite universities are even wealthier than experts believed, according to a new study based on millions of anonymous tax returns and enrollment data.
At 38 American universities, including the five Ivy League universities – Dartmouth, Princeton, Yale, Penn and Brown – more students are in the bottom 1 percent of the income scale than in the bottom 60 percent.
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These estimates are for the 1991 cohort (roughly the class of 2013). Rankings are shown for universities with at least 200 students in this cohort, sorted here by the ratio between the two income groups.
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One in four of the wealthiest students attend an elite university, which usually ranks at the top of the annual rankings (see below for more on the definition of “elite”).
By contrast, less than half of one percent of children in the bottom fifth of American families attend an elite college; less than half study at university.
About four-in-ten, 0.1 percent of students attend an Ivy League or elite college, the same proportion of students from poor families who attend any two- or four-year college.
Schools often promote their role in helping poor students get ahead in life and their commitment to affordability. However, some top universities have focused more on affordability for low-income families than expanding access. “Free tuition only helps if you get in,” said Danny Yagan, an assistant professor of economics at the University of California, Berkeley and one of the study’s authors.
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The research by Raj Chetty, John Friedman, Emmanuel Saez, Nicholas Turner and Mr. Yagan examines how well or poorly universities have built an economically diverse student body. The researchers followed approximately 30 million students born between 1980 and 1991, combining anonymized tax returns with enrollment data from nearly every university in the country.
We offer detailed information about more than 2000 American universities on different pages. See how your college compares (by clicking on any college name, such as Harvard, U.C.L.A., Penn State, Texas A&M, or Northern Virginia Community College) or search for schools that interest you.
In elite universities, the proportion of students below 40 percent has remained unchanged for ten years. Access to top universities has not changed much, at least when measured in quintiles. (The poor have gotten poorer during this time, and the very rich have gotten richer).
“Elite” schools are roughly among the 80 most selective colleges in the United States, as measured by an index created by Barron’s in 2009.
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In the past, the most available information on the financial makeup of students came from state Pell grant statistics. These grants typically go to students in the bottom 40 percent of the income distribution. The government data categorizes students as eligible or ineligible for Pell grants, but doesn’t distinguish between students who just make the cut and those whose families earn more.
The Obama administration and Congress have expanded Pell eligibility, which has increased the number of Pell recipients at many universities. Some elite universities saw this rise as a sign that they are taking economic diversity much more seriously than they have recently.
But new estimates show that much of the increase in Pell recipients is due to the expansion of the program. At least in 2013, students at elite universities were not more financially diverse than before, although there were exceptions.
These patterns are important because previous research has shown that many very low-income students do not attend selective colleges, and that low- and middle-income students who attend elite institutions do nearly as well as wealthy students.
Most Americans See Good Value In Community College And Vocational Programs. Opinions Are Much More Split On Various Undergraduate Offerings
Although they don’t face the same challenges as other students, low-income students earn nearly as much on average as wealthy students who attend the same college.
Note the remarkable relative flatness of the colored lines below. A wealthy student who attends one of the 12 “Ivy plus” colleges (an Ivy League college, Duke, M.I.T., Stanford, and the University of Chicago) ends up in the 80th percentile of the income distribution, on average. A low-income student who attends one of these colleges ends up in the 75th percentile. Even low-income students who attend less elite universities have similar outcomes to other students at the same university.
The data here is for the 1980-82 cohort, which is roughly the college class of 2002-4. At this stage of life, the income level is relatively stable.
In contrast, the more variable gray line shows results for the entire American population. Most students who grow up poor remain poor adults, and most students who grow up rich remain rich.
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The figures above refer to children born between 1980 and 1982, who are currently around 35 years old. Most Americans stay in the same income distribution in their 30s until the end of their careers, and previous studies show that the top earners at 36 will become the top earners in their 60s. , at least on average.
Although most low-income students do well at elite colleges, relatively few attend them, so less elite institutions may be more important drivers of social mobility. Researchers have developed a new statistic called the college mobility rate that links the proportion of students from low-income families to their success in moving to the top of the distribution.
Success rate measures the percentage of lower-income students ranked in the top 40. The data here is for the 1980-82 cohort, which is roughly the college class of 2002-4. At this stage of life, the income level is relatively stable.
The mobility rate describes the proportion of all students at a given university who graduate from both low-income and high-income families. The top of this list is dominated not by elite universities, but by mid-tier public universities, including the schools that make up the City University of New York.
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The selectivity levels used here are based on Barron’s 2009 index. “Ivy plus” universities include the eight Ivy League schools Stanford, University of Chicago, Duke and M.I.T. “Other elite universities” represent universities with a selectivity index of 1, excluding “Ivy plus” universities. “Highly selective” schools represent schools with a selectivity index of 2; “selective” institutions represent those with a selectivity index of 3-5; “Non-selective” universities represent those with a selectivity index above 5 or not listed in Barron’s.
These assessments IV. they include only universities that participate in federal degree funding, excluding military academies and some other universities. Browse Online Degrees All Degrees Browse Bachelor’s and Master’s Degrees Computer Science and Engineering Degree Browse Computer Science and Engineering Degrees Business Browse MBA and Business Degrees Bachelors Browse Master’s Degrees from Top Universities MasterTrack™ Earn credits for your master’s degree with university diplomas. Your new career at business universities Discover the most popular courses Join Register for a free listing
Earning a bachelor’s degree at a community college can be a cheaper and more flexible option than a four-year institution, but there are some limitations to consider.
An increasing number of community colleges offer bachelor’s degrees, although they are not yet available. Of the 24 states that have approved baccalaureate degree programs, the actual number of degree-granting community colleges varies [1]. For example, while 27 community colleges in Florida offer a bachelor’s degree, only four in Colorado do so at the time of writing [2].
Differences Between Community College And University
Earning a bachelor’s degree at a community college can be a cheaper and more flexible option than a four-year institution, but there are some limitations to consider. For example, there may not be that much choice, and not all accredited state community colleges offer bachelor’s degree programs.
Read more about the rise of community college degrees and what to evaluate before you decide to get one.
Community colleges are traditionally known as two-year institutions, primarily because they award two-year degrees, also called associates, and certificates. Because community colleges typically have lower tuition and fees, many students choose to earn a degree there before transferring to a four-year college or university to earn a bachelor’s degree.
However, community colleges have expanded their offerings to high schools, but more and more students have taken advantage of this opportunity. According to the American Association of Community Colleges, in 2019, more than 20,000 students earned a bachelor’s degree from a community college [3].
Why Students Are Abandoning Community Colleges In Droves
There are many reasons to pursue a bachelor’s degree at a community college over another type of institution, including your educational needs, career needs, and circumstances. Here are four reasons why earning a bachelor’s degree from a community college can be beneficial based on these factors:
In general, tuition and fees at public schools tend to be lower. The average annual cost for in-state students to attend a community college was $3,800 in 2021, compared to $10,740 for a public four-year degree.
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