Federal Student Aid 's Primary Goal

Through this recent recession the gap for financial aid has become increasingly large due to the fact that colleges are basing some of their applications by their financial situation. This in turn creates widening on lower to middle class families who cannot send their children to school because the cost are too great to bear with large amounts of financial aid. The wealthy students are not only being accepted to these pricy private universities but are being given grant and aid so that they can make it through. The poorer students are not even given the chance to attend those school not because of their brain but because of their lack of funding. In today’s society were the upper class has become very distant to the middle and

The American dream is a rhetoric of hope and mobility to reach the heights of economic sustainability that you wish to achieve. The idea is that the amount of effort you put forth will emanate the amount of success you can produce as a byproduct of American society. This concept however couldn’t be further from the truth, as many have tried to work up for years but only got slightly better at best then they say what they were nearly a decade ago. Many researchers have demonstrated that not only has the American Dream often times been influenced by our socioeconomic roots, but that to progress out of it is like a dime in a dozen. Since education provides students the material to move onto the larger job industry, and because the disparity between high school graduates and college graduate has increased so drastically, Americans are clamoring for college now more so than ever before. Student debt has been an issue that has kept many Americans in the lower end of the social class spectrum to miss out on utilizing college resources. Many financial aid programs have been established to attempt to decrease this tendency, particularly the Pell grant having the most success. Unfortunately, despite the initial success of the Pell grant program, it still has its limitations on how much help it can provide to underprivileged students. An incentive based scholarship program such as the Performance-based scholarships where attendance rates, passing classes, and student involvement

College tuition has skyrocketed over the past decades making the pathway to college less accessible to low-income families. According to the

To develop and update and application to apply and receive federal student aid and to process these applications (over 22 million of them every year)

Presently, the availability of educational opportunities at the college and university level is a critical state and personal interest given the needs of the state for a well-educated workforce which has never been greater. Too many, the focal point of attending college is receiving a high paying job in the future. Unfortunately, in most states, tuition is on the rise and students who come from low-income families find themselves struggling to fund their education. According to legislatures, “The cost of college in New Jersey, as in the nation, continues to grow faster than the rate of inflation.” (State of New Jersey 1). In the national financial aid policy resources that are typically given to the neediest families are shifting towards

Many experts believe, as college and university enrollments mushroom and tuition rates soar, the crises of student debt in the higher education system will continue to grow. College tuition from 1982 through 2005 exploded 375 percent, nearly four times the inflation rate, and continued to rise four to eight percent every year since. As a college education becomes more unaffordable, many are left searching for other means for paying for a college education such as, federal grant and loan programs as well as private loans. Meanwhile, low income families can expect to receive some aid to help with cost of tuition, it does not always cover all the cost. Consequently, middle income families are usually just outside the aid income range and will usually have to pay the entire cost of tuition themselves.

The rising cost of higher education in the United States is a highly concerning issue. Over the past 40 years, the cost of attending a public, four-year university has increased by 270 percent, adjusting for inflation (Long & Riley, 2007). While tuition has significantly increased, Federal Pell Grants, which provide need-based aid to low-income students, have not kept pace with growing costs (Doyle, 2010). At the same time, more emphasis is being placed on merit-based aid programs rather than on need-based aid, seeing as support for programs that award financial aid based on merit has grown more rapidly

Government created financial aid to increase enrollment rates for higher education. Financial aid helps those in need to continue their education. However, financial aid does not help everyone. Society expects young adults to further their education and get good jobs, even with their limited incomes. These expectations drive increases in the price of college dramatically each year. When tuition increases, middle class families struggle to afford their child’s education, resulting in students working to pay for college if they fail to qualify for financial aid. Numerous criteria for financial aid exist, so many middle-class students find it difficult to afford college. Colleges should grant more financial aid to those students working to support themselves and their families.

I believe that the answer to the slow rate of change is the federal and academic relations. There is two instances where the federal government gets involved with higher education: the land-grant acts, and the funding for military research after World War II which both benefitted the country and institutions. SInce then, there has been a steady decline in economic growth (Gordon, 2). In a way, federal student aid is an indirect funding for higher education. Federal student aid follows students wherever they go; public and private nonprofits and for-profits. But no matter where they go, the fact is still that American higher education is still publicly supported and over 13 million students would not survive without it (studentaid.ed.gov). The

Higher Education Act of 1965 is a milestone of the development of need-based aid. The Law was intended to “strengthen the educational resources of our colleges and universities and to provide financial assistance for students in postsecondary and higher education.” Specifically, the Pell Grant is the foundation of the federal financial aid system. While the social turbulence of the 1960s may have been the impetus behind the Pell program, the groundwork for broad-based aid programs is more appropriately attributed to the GI Bill. After 1965, the Higher Education Act of 1965 was reauthorized several times to achieve the goals. Need-based aid is essential for college access and success. According to Turner’s research (2013), every $1000 decrease of tuition price will lead to 4% of increase in college attendance. Evidence suggests that reducing college costs can increase college entry and persistence (Dynarski & Clayton,

In order to operate and sustain despite the decline in federal funding, HBCUs must find strategic ways to bring in more dollars. For most of these institutions, raising tuition is not a viable option. HBCUs are positioned as low-cost institutions that provide access students with low-incomes, and tuition hikes could lead to declines in enrollment. Students, typically within HBCUs' enrollment pool due to low income status, would not be able to pay, and other students would have to borrow more money to attend. (Clay, 2013). Additionally, most HBCUs would not be able to expand their scholarship offerings to make up for the tuition increase, and scholarships are needed in order to compete for the best and brightest students (Clay, 2013). To fill

One of the greatest hindrances in the education of our citizens is the low average income of just $47,400. Many people simply cannot afford a college. Our school hopes to fix this problem through our free acceptance of successful and determined

Since more attention had been placed on the cost of higher education (Murphy & Katsinas, 2014), it was important to understand the financial aid process and the different ways to assist and maximize funding to students. The U. S. Department of Education’s website provided resources and information on the different types of financial aid that the federal government provided. This paper discussed the availability of loans to students, repayment plans, accessibility of the application process, support for applicants with questions or concerns, ease of information retrieval, and how institutional financial aid budget directors might maximize access to funds for students.

And despite most students enjoying eligibility, merely two-thirds of full-time undergraduates indeed exploit its use for one reason or another. Student financial aid may originate from many sources depending on the circumstances, although substantial portions remain underwritten from individual states or the federal government. At the same time, private foundations, advocacy organizations, trade groups or perhaps the institution attended all characterize potential funding sources to round out a rather comprehensive list. Grants and scholarships, work-study programs and student loans collectively formulate the backbone of financial aid offering today’s students a potential bonanza for those learning the nuances and distinctions of each financial instrument. However, the necessity for a thorough understanding of the different programs, evidenced by contemporary research and education, has undeniably never been

Financial aid is a very large problem in modern society with kids who are striving to make it to college for further education. Said simply, college is expensive. This specifically depends on the type of college one chooses to attend. Often times, in state college is more affordable than out of state, because there is something called ‘in state tuition.’ This higher education tends to be very expensive for a plethora of reasons. The first major reason is the fact that college professors are supposedly smarter or have a broader understanding of the study area than do high school teachers. Also, college is where students earn a degree that causes them to also earn a higher-paying job in the future. Statistics show that college graduates are much more likely to get a job. This can be a critical concept in an age when everything revolves around money and unemployment is on the high and still getting more extreme. Another reason college is so expensive is because many colleges make it virtually impossible to achieve a four-year bachelor’s degree in the actual four years. Many colleges require four and a half years, or even five. Those who complete this degree of education often finish after four years of college because they need a certain amount of class requirements, though the reality of packing all of these requirements into four years is unrealistic considering the hustle and bustle of society and more specifically, college students. Unless these