Laura Perna says the President's plan signals that "the jobs being created in the US economy now largely require some college education. Not necessarily a degree from a four-year institution. But definitely more than a high school diploma."
Resource constraints and structural failures often limit the choices of students from lower-income families to the local or online, non-selective or for-profit postsecondary educational institutions, says Laura Perna.
In 2014, just 10% of dependent family members who said they received a bachelor’s degree by the time they were 24 years old came from families in the lowest income quartile, according to a study by the Pell Institute for the Study of Opportunity in Higher Education in Washington, D.C. and PennAHEAD.