The cost of a college education is falling disproportionately on lower-income students, who devote a grater share of their income to college costs, according to a report from the New America Foundation.
As schools look for ways to boost their revenue and rankings, public institutions are becoming more exclusive and less accessible to low-income students, the report suggests. Instead, universities are looking beyond their borders to wealthy students from out of state.
In Missouri, as government funding has grown tighter, tuition has increased an average of 7.2 percent between 2008 and 2015. That compares to an average increase of 29 percent nationwide over that same period.