About this Indicator
The ability to pay for college is measured by the percentage of family income needed to pay the net price of full-time enrollment at public two- and four- year institutions. The average net price is calculated as the total cost of attendance (tuition and fees, books, supplies, and room and board) minus the average institutional, local, state, and federal grant aid. This indicator is presented for families with median income in each racial and ethnic group. The Underrepresented Minority category comprises American Indians, Blacks, Latinos, and Native Hawaiians/other Pacific Islanders.
Net price: National Center for Education Statistics. IPEDS: Net price.
Family income: U.S. Census Bureau. American Community Survey One-Year Public Use Microdata Sample.