Over the last decade the price of college has soared while incomes for the middle class have remained flat. Since the middle class does not typically qualify for federal support such as Pell grants the question arises of whether or not college is affordable for the middle class. The CNN Money article "Surging college costs price out middle class" reports that while four-year degrees are still a good investment, many middle class families are opting to send the children instead to two-year colleges.
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I am a Professor of Education, Economics, and Public Policy at the University of Michigan
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