Archived Information

Reauthorization of the Higher Education Act


Changing the Treatment of Assets Does Not Change the Distribution of Financial Aid

Median Expected Family Contributions by Income Quintiles

Asset
Scenario*
Quintile 1
( < 18,975)
Quintile 2
( < 34,710)
Quintile 3
( < 51,256)
Quintile 4
( < 76,248)
Quintile 5
(> 76,248)
Reported

0

1,254

3,363

8,214

17,903

Estimated

0

1,207

3,316

8,526

18,433

Department of Treasury
Office of Economic Policy
March 12, 1998

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