Post on 03-Jan-2016
description
transcript
How Latinos Pay for College:
Navigating College Finance
Education Writer’s AssociationSeptember 4, 2014 Dallas, Texas
Deborah A. Santiago
Audience Assumption Framing
Parents/students Access Opportunity
Policymakers Change Crisis
2 themes…
Getting financial aid is too hard…
Latino All
Applied 78% 74%
Received 63% 63%
Latinos received the lowest average total aid award amount of any group
Why?
Latino Student Profile
DACA/DreamerDACA/Dreamer
Financial Aid Overview
Financial Aid
Types: Grants/Scholarships, Loans, Work-Study jobs, Tax benefits
Sources: Federal, State, Institutional, Private, Personal
Acronyms:FAFSA: Free Application for Federal Student Aid
EFC: Expected Family Contribution
SAsP: Satisfactory Academic Progress
DACA: Deferred Action for Childhood Arrivals
Expected Family Contribution (EFC)
Total Aid
Grants good; Loans… not so much
Work-study, yes!
For Latinos
State Aid • Latino participation is equal to all undergraduates: 16%
• Latinos received a higher average state aid award than all undergraduates.
UndergraduatesAverage State
Award
Latino $2,235
All $2,070
Institutional Aid• Latino participation is similar to all undergraduates: 17%
• There is a substantial disparity in the average institutional grant award between Latinos and all undergraduates.
UndergraduatesAverage
Institutional Award
Latino $2,965
All $4,260
Type of Institution
Percent Received Aid
Average Aid Amount
Public 2-year 43% $2,870
Public 4-year 75% $7,105
Private 4-year 86% $10,500
Private for-profit 91% $8,420
Types of institutions
Data: National Postsecondary Aid Study (NPSAS), U.S. Dept of Education, excludes Puerto Rico in 2012 study
Caution!
Scams: Families asked to pay for services or applications that are free
www.EdExcelencia.org