Overview (Salinas):. Kean University Is A Public University

According to the National Center for Education Statistics, an average undergraduate student in 2007-08 they got up to $12,740 for financial aid and for grants they got $7,110 (NCES). Colleges do give out a great number of financial aid and grants yet the cost of college is still crazy expensive. Some people can't afford college even with the financial aid and grants given to them. While students can take out loans they still have to pay them off with interest added in which can add up quickly. Universities make paying for college a little easier on students by giving out grants and aid, but most of the times the money they give students won't even put a dent into how much students still have to pay.

To offer free help to students, parents and students who have borrowed money from the beginning to the end of each persons financial aid process

Students attending private universities pay an average tuition of $35,374. Those who attend a community college for the first two year of their education save $8,000 or more. Since most of the same financial aid including Pell grants and Stafford loans is available for any institution choice, students in the lowest income brackets can expect a larger financial aid refund from a community college than a university. Those who need a university education to meet their career goals may be able to attend a community college part time while they work and save up. Then, when they transfer to a university for their final two years, they may have saved enough that with financial aid, they can pursue their four-year degree.

However, when looking at the nation and middle class students as a whole, not everyone is eligible for these. Just a year of average grades can disqualify one from thousands of dollars in merit scholarships. According to College Raptor, an average of $5,750 was awarded to undergraduates as gift aid in the 2012-2013 school year (Wignall). With an annual estimated cost of $24,610 for a public in-state university, this gift aid, along with the $4,000 from grants and other sources, leaves approximately $14,000 in college debt each year — $56,000 after 4 years (“Average Estimated Undergraduate Budget”). These numbers speak for

Financial support has played an important role for college students, especially for university students, whose family could not support their education after they have graduated from high school. Due to this situation, students have to go through a lot of problems with their tuition fees to be able to continue with their education. They always need a large amount of money besides paying for the tuition but also for living, and students have to go through a lot of problems with their tuition fees in order to be able to finish their career on time and earn a better living in the future. Some students will choose to go to work part time while at school, so they can pay for their fees and their own expense, such as gas, foods, and clothing. On the other hand, most of students will choose to take out loans from somewhere else, such as the bank or federal loans. This way, students who choose to take out a loan could focus on their education without worrying about how to pay for their fees. It is very important for students to acknowledges and be aware of the different types of student loans, and all the requirements before students decide to obtain a loan. Because of the raise in tuition leads to the existence of the student loan debt is a burden that is a financial impact on lifestyle changes, such as postpone couples to get married, to have children, to buy a house and to save for retirement.

According to Castleman, Benjamin, and Lindsay (400), the requiring obligations of learning like purchasing of learning materials like books and other provisions like food and other necessities has made several States to give support to the overwhelmed students. The forms of the assistance include the merit-based scholarships and the need-grants as well as the student loans (Finnie 297). While the main aim of the financial aids is to meet the financial needs of the students severally, it has been insufficient due to the increasing number of

Different statistical evidence were then used. Once financial aid was taken into account, the average net tuition of public four-year college were approximately $2000, a lot less than what most people presume the cost to be. A recipient of a college degree makes 83 percent more than those with only a high-school diploma. Citing the Hamilton Project, a research group in Washington, an investment in a college degree has a 15 percent annual return, 8 percent more than stock investment, and 14 percent more than in real estate.

Although average funding per full-time student at mainstream universities has risen to approximately $7,540 in recent years, TCUs can expect to receive an average of $3,000 per student (Stull, G., Spyridakis, D., Gasman, M., Samayoa, A. C., & Booker,

Whether a student is looking to stay in-state or move out, the cost is still very high. According to College Board, expenses, on average, to attend a 4-year university add up to around $9,000 a year for in-state residents. Triple this amount and non-residents must pay that. Private school expenses tend to add up to around $35,000 a year (College Costs). During the 1995-1996 academic years, 66% of four year students in public institutions received some form of financial aid (Losco). Although the financial aid sounds like a good plan at the time, it causes the ones who take aid to being their adulthood in a large amount of debt. Even though there are a number of scholarships and financial aid programs available, each student must qualify and meet certain requirements that are not always met.

The application fee is just a start of $75 along with getting books for each class that can range from $700 - $1,200 depending on if you’re accepted. Meanwhile, tuition and fees add up to over $9,830. The cost of attendance for in-state students is about $26,346. Lastly on campus living can add up to around $11,456 on average plus meals and parking, $4,310.

Qualified students are awarded renewable Merit Scholarships of up to $17,000 every year. Scholarships are awarded based on weighted cumulative grade point average and the highest combined critical reading and math SAT/ACT scores.

The $3,000-per-year scholarships will be funded with State of Hawai‘i and University of Hawai‘i Foundation donor funds and can cover approximately 80% of the cost of tuition for qualified students. The scholarships are merit-based and designed for “college ready” students who have a minimum 3.0 GPA in high school and place into college-level courses.

Financial support has played an important role for college students, especially for university students, whose family could not support their education after they have graduated from high school. Due to this situation, students have to go through a lot of problems with their tuition fees to be able to continue with their education. They always need a large amount of money besides paying for the tuition but also for living, and students have to go through a lot of problems with their tuition fees in order to be able to finish their career on time and earn a better living in the future. Some students will choose to go to work part time while at school, so they can pay for their fees and their own expense, such as gas, foods, and clothing. On the other hand, most of students will choose to take out loans from somewhere else, such as the bank or federal loans. This way, students who choose to take out a loan could focus on their education without worrying about how to pay for their fees. It is very important for students to acknowledges and be aware of the different types of student loans, and all the requirements before students decide to obtain a loan. Because of the raise in tuition leads to the existence of the student loan debt is a burden that is a financial impact on lifestyle changes, such as postpone couples to get married, to have children, to buy a house and to save for retirement.

Now most receive less than 50 percent” (Hulsey 24). Some schools, such as the University of Michigan, receive less than seven percent (Hulsey 24). These numbers hit some schools extremely hard. According to Hulsey in his article about the cost of education:

Financial aid is money in the form of loans, grants and employment that is available to a student to help pay the cost of attending. Financial aid comes from the federal government, which is the largest provider of aid, as well as state government, the school and a variety of other public and private sources.