Many individuals from low-income households are likely to skip attending a four-year college, a new study by The Associated Press-NORC Center for Public Affairs Research revealed.
NORC surveyed 2,573 young Americans, including 769 teens ages 13-17 and 1,804 young adults ages 18-29, through online and telephone interviews.
About 38 percent of respondents in households making less than $50,000 are more likely to attend or plan to attend a four-year college, followed by 43 percent of those making between $50,000 and $100,000 and 73 percent with household income more than $100,000.
When both low and high-income households are compared, the latter ones are more likely to seek help from their parents in paying for college tuition, filling out financial aid forms, and researching college options.
Overall, 67 percent of the respondents have taken out or plan to take out a loan to attend college. The survey found huge support among young Democrats (79 percent) when it comes to forgiving student loan debt for less affluent Americans
Regarding the contemporary economy, 66 percent of those surveyed said that postgraduate degree is a good way to prepare for the challenges in the current marketplace followed by 60 percent each who support four-year college and vocational school.
Community colleges are very popular among adults who say that it has the most positive impact on the country, followed by vocational schools and four-year colleges.
Higher education affordability is one of the most important concern with 77 percent of young Americans calling it extremely or very serious.