Financial Aid’s Impact on Higher Education Access

Spread the love

People who continue their education to university will have a greater opportunity to live a more decent life achieve job satisfaction and provide greater benefits for themselves and their families. Seeing this, it would be a shame if people stopped pursuing their dream of going to university because they thought the costs of going to university were too expensive for them to afford.

The unfortunate thing is that the opportunity to enter university depends a lot on the financial capabilities of each family. If there is a student who comes from a family with 30% less wealth than someone who is truly rich, then his or her chances of entering university will also be smaller. The point is that if your family is richer then it is more likely that you will be able to enter higher education regardless of your competence.

With the school financial aid program, this gap will be eliminated and education access will be opened for anyone who meets the requirements. This program is considered to have a high contribution to educational equity and also an equally high chance of graduating for people who are not financially strong. Students who receive even small amounts of aid increase their chances of continuing to a higher level of education.

Increased University Enrollment

Further research on this shows that aid of USD 1,000 has increased the percentage of college enrollment by up to 4%. An open door for anyone who needs educational financial aid is with the Free Application for Student Aid, or as many calls it, the FAFSA.

The central government, states, and educational institutions in the US use FAFSA to help determine the amount and type of aid needed by each student, although not all students want to fill out the FAFSA.

In 2011 – 2012 at least 1/3 of students who do not fill out the FAFSA will receive a Federal Pell Grant. This is a type of aid for students whose finances are not too strong and can ultimately provide significant aid with their education.

Barriers to Completing the FAFSA

There is a brief report that mentions some of the obstacles to completing the FAFSA. Then look for strategies to help educators and increase the number of students who can complete their FAFSA. Here are some notes collected about why people don’t complete their FAFSA:

Many families are not aware that they need financial aid for education and end up not being eligible for aid recipients. As in previous reviews, as many as a third of students who feel they don’t need help and therefore don’t register for FAFSA can still get help in the form of a Federal Pell Grant.

Many students’ families are not yet aware of the benefits of financial aid for education. According to scientific studies, it is further stated that students’ awareness regarding the need for financial aid, the source of information, or the center of decision-making is the parents.

However, many parents of students who may have never attended college before do not realize the importance of the role of financial aid in continuing their education and instead choose to stop progressing their education to the next level because of their ignorance about FAFSA and so on.

Read also : Tactics for Obtaining Financial Aid

Aid from Educators

Looking at the problems above, then how can teaching staff play a role in helping their students complete their FAFSA? Check out some of the best solutions that might be implemented.

Fast, Accurate, and Comprehensive Information

Well-organized planning regarding when and how students and their families find information on the FAFSA will not have as big an impact as personalized aid, however, it can make a significant difference and improvement.

Student-Level Data for FAFSA Outreach

The strategy being developed is to use existing student data. An example that can be found is the FAFSA Completion Project. The way to do this is by updating weekly data that can be accessed by individuals in each state regarding the names of students whose status has completed the FAFSA.

Real-time updated data is very useful for schools to determine targets for completing the FAFSA that are on target and effective so that every student has the opportunity to advance to a higher education class with financial aid.