When it comes to the affordability of higher education, most states flunk, according to a new independent report published by the National Center for Public Policy and Higher Education.
Measuring Up 2006 calculated affordability by determining what percentage of a family's income is spent on the cost of higher education. In Tennessee, the 40 percent of the population with the lowest income must somehow use 101 percent of their income in order to pay the net cost (tuition, room and board minus financial aid) of a private 4-year college or university in the state. Even the 20 percent of the population with middle income must forgo 44 percent of their income to pay for a year of education at a private institution.