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A family earning over $105,000 still can’t afford more than half of U.S. colleges

The bulk of colleges are unaffordable for most families, even taking financial aid and student work into account.

That’s according to an analysis published Thursday by the Institute for Higher Education Policy, a nonprofit focused on equity in higher education. The study took 10 fictional students with incomes ranging from $2,706 for a student living independently from his parents to $162,995 for a student living with her family and calculated whether they could afford the net price — tuition minus any grant and scholarship aid — at more than 2,000 schools.

What did they find? Even a student from a family earning more than $100,000 a year could only afford 41% of the schools.

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