Earlier quoted context omitted.
"Unfortunately there are a number of very needy people who get denied access to the best institutions due to financial considerations instead of scholastic aptitude." Yes but the article is still completely wrong. They're making a very specific claim that on average students pay X, when in fact that's not true. Of course there are lots of cases where a person isn't able to get student loans or grants because their pa…
But they're not making a specific claim. They're making a generalized claim to tell the story. Any one individual student should be able to compare their financial situation to the generalizations in the article. The final sentence of the article is this: How on earth do colleges today ramp up costs to $40,000 a year? And in fact, scholarships, grants and other subsidies would be but one part of the explanation for w…
"Consider this: You have just paid about three times as much for your degree as did someone graduating 30 years ago. That’s in constant dollars — in other words, after accounting for inflation. [...] According to the College Board, in 1983 a typical private American university managed to provide a bachelor’s-degree-level education to young people just like you for $11,000 a year in tuition and fees. That’s in 2012 dollars."