*Contrary to popular perception, the share of students at the 200 most selective public and private colleges who are from low-income households did not decline over the past 16 years. However, the share of students at these institutions who are from middle-income families has steadily declined.
*Despite large increases in college costs at selective institutions, net tuition prices for low-income students at the 200 most selective colleges increased only $1,358 since 1999—2000, after adjusting for inflation. Large increases in aid and tuition discounting for these students offset rising costs over that time.
*At public flagship universities, the share of low-income students has not declined. There was also a statistically significant increase in high-income students’ enrollment share at flagship universities between 1999—2000 and 2007—08.