Higher education institutions--as major employers of the workforce, purchasers of goods and services, managers of real estate, and attractors of external investment--are frequently the subject of research measuring economic impact. This research often falls into one of two categories: (1) institution-focused studies that measure the monetary…

Today a college degree is considered the ticket to a good job and the gateway to economic advancement. A student's chances of gaining admission to college, however, are often based more on parental wealth than the student's achievements. At the nation's most selective colleges, three percent of incoming freshmen come from families in the bottom…