To effectively address college affordability, states must understand the issue. States often focus only on tuition and assume that rising rates affect all families equally. They must recognize that college affordability is not a monolithic issue, and they should track data that paints a complete picture of the types of students likely to find college unaffordable. By capturing detailed information about college affordability for people of different income levels, and by tracking financial aid needs that go unmet, states can create a foundation of information that can inform policy solutions that support students of all types.
States should also provide more need-based financial aid than merit-based aid to steer resources toward students who have the greatest need rather than subsidizing those who may be better able to afford college. Finally, state college promise programs should cover some expenses beyond tuition and fees for community college students.