BLOG #7 Theoretical frame
Growing gap in College Completion
In the past two decades, as the number of college enrollment has increased in the USA, another issue that has also attracted attention is the growing gap in college completion, especially among low-income students. While the high-income students have a strong academic background by attending better high schools and have wealth to finish college, the low-income students face the opposite and the percentage of students not completing their degree in six years is growing significantly. The higher fees in the higher education sector are one of the major problems in the USA, which also results in massive student debts (Brint).
The article named "Equalization or selection? Reassessing the “meritocratic power” of a college degree in intergenerational income mobility.”Written by Xiang Zhou in 2019, highlights the implementation of the general equilibrium theory and helps bridge this gap. The education policies will be determined on three types of subsidies that are significant for the successful completion of the projects. These three types of tuition are merit-based, flat tuition, and broad-based. Furthermore, most of the merit aid goes to more affluent students which results in low-income students paying more for education subsidies. (Zhou). This theoretical frame conducted by Zhou's electronic database to locate articles containing the “Selection bias”, and “Inequality”. Using general equilibrium theory can increase the amount of low-income students attend and graduating college because this theory is all about finding a way to benefit both sides merit-based aid isn’t handled well it goes to non-need-based students more compare need-based students making policy changes can help equalize the amount goes to both parties. The same will go changed some guidelines for board-based admissions because it limits low-income students to apply at many universities.
Works Cited:
Brint, Steven. "Can We Fix The College Inequality Problem?". The American Prospect, 2019, https://prospect.org/culture/can-we-fix-the-college-inequality-problem/4
Zhou, Xiang. "Equalization or selection? Reassessing the “meritocratic power” of a college degree in intergenerational income mobility." American Sociological Review 84.3 (2019): 459- 485
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