Question: Does Family Income Level Impact College-Going Rates?
Hat tip to Kim Clark at Money on College who tweeted about this great interactive exercise (from NY Times) that allows students to draw their answer to this question (using a touchpad) on a graph that has family income levels on X axis and college attendance rates on the Y axis.
Once you have made your guess, you can see how your line compares with reality (based on research on children born in the early 1980s), as well as how it stacks up compared to the almost 35,000 NYT readers who had completed the exercise (as of this morning). You also receive an analysis of where you had the biggest discrepancy from the research findings.
This exercise can lead to a rich classroom discussion using questions like:
- What is the relationship between family income and college going rates? Do the results surprise you?
- List the reasons that you believe that this relationship is what it is?
- How did your line compare with reality? Why do you think you made the error you did?
- How do colleges try and boost enrollment of lower income students?
- Do you believe that this relationship between income and college going is changing? What direction?
About the Author
Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.