Opinion: Rethinking Financial Aid: Small Grants Make a Big Difference in College Completion

"Students across the country are walking across the stage this month to accept college diplomas, marking one of the most consequential achievements of their lives. Yet far too many of their peers come agonizingly close to joining them on the podium, only to fall just short of the credits needed to graduate," Shari Garmise writes in an opinion article in The Washington Post.

"For some of these students, financial strain has simply knocked them off course. We tend to view financial aid as something that seals the deal for students: with the door of opportunity open, the only thing standing between them and a degree is their drive to complete it. But while financial aid sets students on the path to graduation, even the most determined students can fail to reach the finish line when financial shortfalls arise late in their college career.

The students most likely to drop out due to financial distress? They’re disproportionately underrepresented minorities, from low-income backgrounds, or first-generation college goers. And even as these students represent a large and growing presence on campus, the financial aid available to them covers a shrinking share of the cost of college. Students who discontinue their education for financial reasons often do so when conventional financial aid reaches its limits."

NASFAA's "Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.

 

Publication Date: 5/18/2018

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