The market-based funding model more commonly known as direct student aid, which was adopted by the federal government during the late 1960s and early 1970s, has created a series of unintended consequences that threaten educational equity and the future of public higher education. The economic and societal impacts of the privatization of US public…

This report follows up on three previous papers published by New America that have examined the net price data for the 2010-2011, 2011-2012, and 2013-2014 academic years. In each of these publications, the share of public institutions charging low-income students an average net price over $10,000 has grown. Previous volumes of this report examined…