Yale, Harvard and some of the nation’s other most expensive and prestigious colleges are unveiling plans to boost enrollments of low-income students.
At a White House summit on college costs Thursday, President Obama announced that 100 colleges and universities plan to either accept more low-income students, provide more assistance to ensure these students graduate, or ramp up their outreach efforts through social media and other channels.
Obama said the dream of college is increasingly out of reach for many young adults as tuition and fees continue to climb, drastically limiting their chances of success.
“Without college, a child born in the bottom quintile [of income] has only a 5% chance of making it to the top quintile … the chance of making it to the top nearly quadruples with a college degree,” the U.S. Department of Education said in a statement.
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