In a study conducted by Caroline Hoxby of Stanford University and Christopher Avery of Harvard University, only about 34% of high-achieving high school seniors from low income families apply at the top 238 schools in the country.
Many of these seniors would be eligible for full or partial scholarships and all would be given finical aid loans to help fund their education. According to the study, the fact that many of these students are from families in which no one has attended college, they simply do not know the process of getting money to help pay for advanced education… thus they simply assume college or at least the top colleges are beyond their reach.
Thoughts?