Concerns about the rising cost of college and growing student loan debt have intensified in recent years, with 85% of non-enrolled adults citing affordability as a key barrier (Gallup & Lumina Foundation, 2024) and a third of currently enrolled college students agreeing that their "institution charges too much for an undergraduate…

As the price of a public college education has risen at well above the rate of inflation for decades, college affordability has become a key concern in public policy discussions. At the same time, recent high school graduates from lower-income and middle-income families are nearly 20 percentage points less likely to enroll in college the following…