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• W1567371860 abstract "Research & Occasional Paper Series: CSHE 13.11 UNIVERSITY OF CALIFORNIA, BERKELEY http://cshe.berkeley.edu/ SERU Project and Consortium Research Paper * WEALTH, COST, AND THE UNDERGRADUATE STUDENT EXPERIENCE AT LARGE PUBLIC RESEARCH UNIVERSITIES October 2011 Steve Chatman, Ph.D. Center for Studies in Higher Education at UC Berkeley Copyright 2011Steve Chatman, all rights reserved. ABSTRACT Relying primarily on the responses of a proportionally weighted sample of undergraduate students attending eighteen major public research universities (N > 300K, responses from > 130K, n > 40K) that are part of the Student Experience in the Research University Consortium, this paper concludes that students from households at all income levels have been impacted by the increasing expense of higher education. The large majority of students from households at all income levels have changed behaviors to make college more affordable. However, the most remarkable result was that dependent students from households with incomes up to $100,000 experienced college much the same. Thus far, it appears that financial aid has been very successful at mitigating the challenges of limited or inadequate household financial resources – generally households with incomes less than $100,000. In contrast, students from wealthier households, that is households with income greater than $200,000, have a more satisfied, more enriching educational experience and worry about financial debt less. As is generally true, it is better to be wealthy. The perception of value for price paid varied by state and was not directly associated with cost to attend or by selectivity, except that the top-rated public universities were considered to be good values regardless of relative cost. And last, there was no clear evidence of middle-class squeeze in the experience of undergraduate students. There were no behaviors or satisfaction ratings with U-shaped relationships where poor and wealthy students had better experiences than students from households in the middle ranges. The relationships were linear or curvilinear with monotonic increases. Note that the lack of middle-class squeeze was based on currently enrolled students’ experiences, not the experiences of their parents, students who did not enroll or enrolled elsewhere, or of recent graduates. One question is whether we will see similar findings over time, and as public universities increase their tuition and financial aid programs. Events of the recent past have exacerbated the declining higher education support of the last few decades. The financial future of higher education generally, and more specifically, the future of the University of California looks worse today than at any time in the past thirty or more years. Higher education is not the opportunity that it was when the parents of current students matriculated. There is no indication that the retired generation, the currently retiring generation, or the generation facing retirement will step forward to provide for subsequent generations the opportunities they had. Without question, the University of California in 2011 is not the affordable, accessible institution that it has been historically. UC in 2011 is certainly more exclusive and more prestigious. Unfortunately, it is also much more expensive and the expense is expected to be borne by students and their families and to be repaid in future earnings. Steve Chatman is the SERU-AAU Consortium Director. SERU is a collaborative of major research universities based at the Center for Studies in Higher Education at UC Berkeley and including the administration of the SERU survey of undergraduates at 18 major US universities. The 2010 administration included all nine UC campuses with undergraduate programs and several of the other top 25 public national universities: Rutgers University, the University of Pittsburgh, the University of Michigan, the University of Minnesota, the University of Oregon, the University of Texas, and in limited cases, the 2011 administration for University of Florida. For more information, see the SERU website at: http://cshe.berkeley.edu/research/seru/" @default.
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• W1567371860 date "2011-10-01" @default.
• W1567371860 modified "2023-09-27" @default.
• W1567371860 title "Wealth, Cost, and the Undergraduate Student Experience at Large Public Research Universities" @default.
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