The Illinois Public Agenda for College and Career Success - One Illinois

A Blueprint for the Future of Illinois

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Goal 2: Ensure College Affordability
Ability to Pay at Private 4-Year

 

Performance Measures Public
Agenda Baseline
Year 2 2018
Year 10
Benchmarks

Ability to Pay.  Percent of family income required to pay net cost of attendance (cost less grant aid) for median-income family and low-quintile family at public four-year, private four-year, and public two-year.

 

Mid = Middle Income Family (Illinois is $66,166 and national average is $60,968, 2008-09)

 

Low = Low Income Family (Illinois is $18,191 and national average is $16,991, 2008-09)

Mid, 31.8 %


Low, 106.9 %

Mid, 34.5 %, Low, 125.3 %

 

Mid, 17.7 %


Low, 56.4 %

  • Illinois trends;
  • Five best-performing U.S. states; and
  • Selected competitor/ neighboring U.S. states

 

Points of Interest

  • Illinois ranks better than the national average in net cost for middle and low income families.

Figure 2.2. Net cost for first-time full-time undergraduates as a percent of low-quintile median income and median family income, five best performing states, four high population states, five surrounding states, Illinois, and U.S. Lowest percentage is best.

Figure 2.2. Net cost for first-time full-time undergraduates as a percent of low-quintile median income and median family income, five best performing states, four high population states, five surrounding states, Illinois, and U.S. Lowest percentage is best.

* The Net Cost calculation is (Total Cost minus Financial Aid divided by Family Income) multiplied by 100.