Financial Aid: A Case Study

The number of people that enroll in college is impacted every year by a main factor called tuition. Tuition is a cost payed to overall go and attend college. In the last 3 decades college tuition has not only gone up but increased by over 1,200%. The higher the tuition the less students that enroll. There was a conclusion made stating… “Higher tuition rates can limits people’s access to good jobs”, That is something that is most definitely affected by higher tuition.

Today, Susan Hansen, Admissions Director of East Liberal Arts College, wishes to increase tuition and reduce financial aid available to students (Brickley, Smith and Zimmerman, 2009, p. 110). Moreover, she has expressed that “increasing tuition and reducing the amount of financial aid will solve the schools financial problems” (Brickley, Smith and Zimmerman, 2009, p. 110). This will be done by “increasing an effective tuition from $15,000 to $25,000” (Brickley et al., 2009). She also projects that the tuition increase enrollment from 400 to 600 students (Brickley, Smith and Zimmerman,

Thesis: Thousands of colleges across the country have steadily increased tuition throughout the years and Colorado State University is no different. Today I will share with you both the perspective of those that believe tuition increases are necessary and of those against it in order to help form my own opinion on the necessity of tuition increases here at CSU.

Research indicates a steep upward trend in the cost of higher education throughout the 20th century. In recent decades, America has witnessed a widening gap between inflation and tuition. An incoming freshman at a typical college incurs charges for tuition, university fees, books, room and board,

College is a head turner, eye catcher, and attention grabber. From making the decision to even attend to selecting the perfect school, the whole experience turns out to be incredibly stressful and multiple aspects go into what seems simple at first glance. The cost of attending college is on the rise. Parents and students anxiously await scholarship letters to help with these rising costs of education. State schools usually offer a financial advantage, but a new “law” is being proposed - free in-state college tuition to those students with a 3.5 GPA or higher. Few benefits are available and numerous disadvantages are present when it comes to this recently produced regulation. A few negative factors in this situation will be covered and the explanations will go into depth to prove that this idea is too good to be true. Even though the conception of free college is enticing, the cons outweigh the pros.

From: Gabriel Mendez Subject: Proposal to lower student costs Introduction Since 1985, college costs have surged more than 500% in the United States. Northeastern continues to raise, not lower, our tuition every year, which makes the university less affordable for families who do not even qualify for financial aid or students that take out loans to pay their tuition. Northeastern’s President argues that a tuition freeze would mean less financial aid would be given. In recent years, our university has surpassed funding records and should find

Impact on Students The impact of higher tuition rates on students has been significant in that the burden of paying for college has fallen increasingly on them. Furthermore, it is not only the cost of tuition that is rising. Students are also faced with rising costs of housing, textbooks, and other essential expenses associated with attending college. From December 2001 to November 2010,

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

Problem The change project paper will discuss the problem with identifying and retrieving all financial aid transcripts from previously attended institutions without interfering with a student’s ability to focus on their studies. There is certainly already many issues with the complexity of requirements student’s face when preparing to attend college. The Free Application for Federal Student Aid (FAFSA) is a 10-page application that collects personal and financial information on the student(s) and their family. Once the school receives, the application there is possibly another round of collecting data and information. Stratford (2014) stated the following;

Federal/State government financial aid is the main help for single mom to afford college education, the Pell Grant is the grant open to all students that meet a certain income requirements established by the federal government. The amount of financial aid for each single mom is different based on the need and having dependents (What Types of Tuition Assistance Are Available for Single Parents?, n.d.). Single mom is usually qualifying for a larger amount of grants than a traditional college student without children. The Pell Grant will provide through completing the Free Application for Federal Student Aid (FAFSA). In addition, single mom living in Arkansas, Florida, Iowa, Illinois, Kansas, Minnesota, and Wisconsin can receive special help to

All high school graduates should be able to attend public two or four year college or university in their home states without having to worry about whether they can afford the tuition and fees. Colleges and universities, even public ones, need revenue to pay faculty and staff adequate wages commensurate with their own educational attainment and professional role, build and maintain facilities, and keep the lights on. Total tuition and fee revenues at public two and four colleges totaled less than $64 billion in 2013. Included in that total was tuition and fees paid by grants and loans. Using data from the National Center for Education Statistics’ in 2012 National Postsecondary Student Aid Survey, it is possible to estimate the net tuition and fee revenue from undergraduate students after all grants are applied. Analysis suggests that the net tuition and fee revenue received from public two and four colleges and universities is substantially less. The same time they earned $58 billion in revenue from tuition and fees. But after subtracting the grants provided, the net revenue, was only $34 billion or 59 percent of gross revenue.

Even though there has been a significant increase in college enrollment over the past 30 years, increased tuition rates can have a considerable negative impact in the number of people who enroll

There's no excuse for my actions which is the reason I didn't reach out prior. It's no fault of yours that the financial aid office has yet to complete what's needed in order for me to purchase my needed materials since January. My classes in January were dropped due to this delayed. Luckily, this time around the director held my classes due to their system errors that kept my information stuck in limbo for weeks in their system, totally delaying the process. Unfortunately, I can't afford to purchase the needed materials on my own at the moment. I've been dealing with Corrina Cervantes, a supervisor within the financial aid office, who assured me this matter would be resolved immediately after returning from Spring Break. I've been calling

1. Do not increase tuition at a rate higher than inflation 2. Do not use financial aid as a means to reduce price 3. Use adjunct faculty during times of growing student enrollment 4. Eliminate academic programs that no longer response to the need of the market. These four part financial steps are a vital area we felt that would be of great contribution to help address the current financial problem PC is facing. Exploring each step within the recovery plan will provide a clear understanding of how PC administration is expected to put the institution in good financial standing. These financial plans will be successful based on the information that was collected and research conducted throughout the academic year. As noted by Lorin (2014) College prices in the U.S have gain increased faster than the rate of inflation, extending decades long pattern of higher education costs. According to the College Board, a decade ago tuition and fee jumped 10.4 percent for in state students at a four yea-public colleges and 5.8 percent at private schools. The institution had a negative net

Tuition policy continues to be a formidable challenge for numerous postsecondary institutions. The normal protocol is for an executive committee to research the need for a tuition increase. That recommendation is then forwarded to the President or Provost for their review. During the review process, a public notice is created for the stakeholder feedback. The final tuition recommendation is then proposed to the governing board for review and comments. These tuition increases will either be approved, denied or amended by the governing board. Once the increase has been ratified, a new financial announcement and directive are formulated for all stakeholders. There are several common misconceptions about tuition rate increases and how this action