Why Aren't There More Poor Students at Rich Colleges?

US News & World Report has new data out on the numbers of poor students at rich colleges. The numbers are remarkably low. At least one analysis finds that well-qualified poor students have "sticker shock" and are unlikely to know how much financial aid they would qualify for at a rich school.

She found that low-income students who are qualified to attend selective schools
(based on their board scores and other measures) have a probability of applying
to such schools of just 8 percent. Once they apply, though, they’re likely to
get in and receive a generous financial aid package — and once they receive
their financial aid packages, they are very likely to enroll. But many such
students may be put off by sticker shock.
“A low-income student who applies
to Yale, Stanford, Harvard, Princeton is not going to pay a dime,” she said,
“but it’s not clear whether that message gets out to them.”