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The arithmetic mean (sometimes called the "unweighted average" or "equally weighted average") can be interpreted as a special case of a weighted average in which all weights are equal to the same number (in the above example and in a situation with numbers being averaged).
The mean for the morning class is 80 and the mean of the afternoon class is 90. The unweighted mean of the two means is 85. However, this does not account for the difference in number of students in each class (20 versus 30); hence the value of 85 does not reflect the average student grade (independent of class).
If a student has a high SAT score and a low family income, they will receive larger institutional need-based grants than a student with a low family income that has low SAT scores. In 1996, public higher education institutions gave students with high SAT scores and a low family income $1,255 in need-based grants.
Curious about where your paycheck stands compared to the average middle-class American? According to Pew Research, the median income for middle-class households reached $106,100 in 2022. That's a ...
College is a costly investment, particularly for lower-income students, and the returns for investment in higher education can vary significantly across schools in America.
A closely related issue is the increase in students borrowing to finance college education and the resulting in student loan debt. In the 1980s, federal student loans became the centerpiece of student aid received. [48] From 2006–2012, federal student loans more than doubled and outstanding student loan debt grew to $807 billion. [48]
A weight function is a mathematical device used when performing a sum, integral, or average to give some elements more "weight" or influence on the result than other elements in the same set. The result of this application of a weight function is a weighted sum or weighted average .
Federal student loan forbearance allows you to skip your student loan payments for a given time or temporarily make a smaller payment. The catch: Interest will still accrue on your balance.