Fin Aid Case Study

and by accepting and receiving a closed school loan discharge, I have no further obligation to repay the loan, and I will receive a reimbursement of payments made voluntarily or through forced collection, and the discharge will be reported to credit bureaus so as to delete any adverse credit history associated with the loan.

Higher education has been known by many Americans as a luxury for only those who can afford it if not being forever in debt with student loans. The price of higher education has been in debate for many years but it still has not ceased to come into an agreement. Should higher education lower its price or is it worth paying for it? As Andrew Hacker and Claudia Dreifus argue in their article “Are Colleges Worth the Price of Admission?” there are colleges worth mentioning about how successful their financial management has been correlated with their students success. The issue has also come into attention for Sanford J. Ungar, as he explains in his article “The New Liberal Arts,” although liberal arts education may be have its misconceptions, it does pay for its price. Hence, higher education (whether from a regular university or a liberal arts college) is worth the price, as it prepares individuals for the real world more than any other kind of education, it is an unique time were students are allowed to explore and put their abilities into test and it is the opportunity for many to overcome the many obstacles life has to offer.

The dream of going to college may vanish for them, since scholarships that were once need-aid are becoming merit-based scholarships. As well as, financial support from the government only covers a small amount of the tuition. Many families have a financial problem that hinders their students’ future since

For students to have an opportunity to have a high quality education, many do not have the assistance to afford or navigate their way in college. Such as the first generation entering college with not enough

However, college education not only delivers a degree or diploma, but also intellectual growth and a more promising future of financial stability and happiness. With things like fees, financial aid, housing and transportation, it is understandable for any individual to be frustrated with the many obstacles college may throw. However, college is only as difficult as one may approach it. It is an overwhelming statistic that “student debt has increased significantly,” within the past few decades (Leonhardt). With plenty of opportunities for financial aid, students can ease the tension of their wallets by taking advantage of the convenience scholarships provide.

I should be considered for a financial need based scholarship. As a current college student I find it harder each semester to find money to pay for my college tuition. In the spring of 2017 I will be graduating from Frederick Community College with my Associates Degree in elementary education and special education. I am very close to reaching one of my educational goals, but I am finding it very hard to afford the tuition cost. A rough estimate of my tuition cost is $4,000 plus the cost of books which could be over $1,000 depending on what each class requires. To add, I will be taking classes in the summer and during j-term so I can get my requirements completed quicker. Also, in order to receive my Associate’s Degree I need to take the Praxis

Monetary investment for college is a huge contributing factor into the argument of why many individuals should not go to college. They simply cannot afford it. Their parents cannot help them pay for college, they didn’t receive financial aid, or they cannot support the financial burden themselves. Financial aid is very helpful when I comes to diminishing the cost of college. However, this doesn’t help all the time. I have a friend who

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

aid is available for students seeking college education, some of those students will not all qualify

Families are now aiming low when it comes to college- or are simply not going at all. Money could play a huge part in this decision- after all, the cost of college has skyrocketed over the years, and so has the amount of student loan debt. This is something even Leonhardt admits, stating that, because of this, only about 33 percent of young adults get a four-year college degree today, while another 10 percent receive a two-year degree (Leonhardt). And even though many colleges offer financial aid packages, that money may soon be cut and the cost of college will continue to grow. It is true that, in my personal experience, just because a student is awarded financial aid does not mean they have a golden ticket to University. This leaves many desperate students the only option of taking out as many loans as they think they can handle- often more than they should. Debt is not a new issue for America, but it is still a problem. Although David Autor, an M.I.T. economist, laments: “not sending [young adults] to college would be a disaster”, no one can ignore the rising rates of loan defaults, and some think it

To begin, earning a college degree should be based on a students intellectual ability to complete the curriculum not their ability to meet financial guidelines. Most colleges say that they accept students who have a two point zero grade point average or higher, standard SAT and ACT scores, and the twenty four credits needed to graduate, but once a student meets all the qualifications they are still turned down due to the fact that they are unable to pay the cost that is needed for college. Students unable to meet federal guidelines in order to receive financial aid also may not qualify for income based scholarships. In America the cost of living and tuition has increased while the average household income

Look at all the people in this world, you have doctors, lawyers, construction workers, fast food workers, and a multitude of other professions. What do all of these professions have in common? All the people that work in these fields, want to go to college. Some are successful like doctors, but some are not like the fast food workers. This brings up a question, what prohibits these people from not going to the college of their choosing? There are two answers to this question, the first is, the individual does not have the grades required to enter the school and second, they cannot afford to go to the school. I would like to focus on the second answer for this proposal. The people with good grades who get into schools on full ride scholarships for academics or if the individual has a parent working at the school do not have to worry about funds.

While there are many problems college students’ face while attempting to obtain a degree, the largest hindrance from completion is that of financial ability. One of the largest contributors to college dropout rates is the lack of financial support. Many college students must work either full or part time to support themselves or their families. With the declining economy and increasing costs of college tuition, funds are being scarcely distributed and many college students find that they are unable to continue their education due of this.

During the reading “How Public Universities Can Promote Access and Success for All Students”, I came across three terms that stood out to me that impact student retention: financial support, supporting programs, community diversity. Currently I am in my thirth year of attending San Francisco State University (SFSU), however financial support has being one of the factors that collide with me pursuing higher education. For the past three years I have worked 30 hours per week in Panda Express and worked weekends in my uncle’s upholstery shop. The need for me to work double job is because the money I get from the grants isn’t efficient to keep studying, food, rent, etc. Therefore, working double jobs have impact my capacity to be effect with my academics. I strongly agree the finacial support could be a barrier that detain students from pursuing higher education in college. Since students will have to priotize their jobs over their academics if they want to keep supporting themselves. Additionally, I remember that my cousin Yessenia went to Cal East Bay 4 years ago, however she was only able to complete 1 year of college. Eventhough she worked and had support from their parents. Grants weren’t giving to her because, the government said her family income was middle class. However, the money her parents made wasn’t enough to aid her on pursuing higher education. Therefore, I believed if the grants we’re able to be relooked, and raise the bar for those who could have access to them

In addition to my experience in advising and student affairs, I have also worked as a professional in financial aid for the past eight years. During my time in financial aid I have seen first-hand the challenges students face with the cost of obtaining a higher education degree. My role in financial aid has evolved over my career while exploring the theoretical