Financial Aid In Higher Education Aims To Make Tuition

1616 WordsApr 18, 20177 Pages
Financial aid in higher education aims to make tuition fees affordable. According to Ehrenberg (2002) pointed out that financial aid has three main objectives: to increase access and persistence (enroll more students), to increase affordability (make higher education cheaper for students and their families), and to promote equality of opportunity (make sure disadvantaged students can go to University). The student’s aid programs are also differentiated on the basis of types which are loans, Grants, students’ employment and scholarship 2.4.1 Grants and Scholarship These are non-repayable student financial aid package, according to Daniels, (as cited in Rentz & Saddlemire, 1988) classified the different type of grants. First is…show more content…
In South Africa the government established the National Student Financial Aid Scheme (NSFAS) in 1996, to enable students without financial resources can attend university, and the NSFAS provides loans to universities students. These loans are administered by the institutions themselves and are part of the Financial Aid Package (FAP) awarded to students on the basis of annual gross family income and to what is known as level of need. Other criteria used by universities include family size, the distance of the home from an institution, and the number of siblings at the university. Loans usually cover tuition costs but in cases of extreme need, they may also cover living costs and traveling expenses (Council on Higher Education’s policy report, 2004). 2.4.3 Students Employment In many countries especially in the USA and Europe, the students are employed while attending a university; the jobs provided or designed by the University are considered as the student financial aid. The student affairs officers can place students in jobs that complement their academic interest (Dannells, 1977). Furthermore, bursaries and loans are also available from private companies and commercial banks. For example, some companies provide contract bursaries to students and require that after graduation the recipient work for the company or organization that made the award (Adelman, 2010). Individual institutions also
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