ERIC Number: ED316079
Record Type: RIE
Publication Date: 1989-Apr
Reference Count: N/A
Family Income, Children, and Student Financial Aid. ACT Student Financial Aid Research Report Series 89-1.
Mortenson, Thomas G.
This document, the fourth in a series of student financial aid research reports, focuses on need analysis in student financial aid. Nearly all of the family contribution expected by the analysis of ability to pay is produced by family income, and the Congressional Methodology implemented for the 1988-89 academic year places even greater emphasis on income and less on assets than did the Uniform Methodology which it replaced. Student financial aid policy, funding, and administration are affected by growth in the proportion of poor families in the population during the last two decades. A growing proportion of financial aid applicants and college freshmen are poor. Increasingly, the poorest college students are concentrated in public two-year colleges with very few attending public and private universities during the last decade. Matching of the family income profile against college attendance costs through need analysis finds that more than four out of five children would require financial assistance to be able to attend college today, even the least costly college, with less than 1 in 10 able to attend an average cost private college without financial aid. Results are detailed in narrative, graphic, and tabular form in sections on the following topics: (1) family income, (2) impact of the family income shift on aid applicants, (3) college enrollment shifts by family income, and (4) college attendance costs and expected family contribution. Eleven figures and eight tables are appended. Contains 18 references. (SM)
Descriptors: Access to Education, College Attendance, College Bound Students, Educational Finance, Enrollment Trends, Family Income, Financial Aid Applicants, Higher Education, Low Income, Need Analysis (Student Financial Aid), Parent Financial Contribution, Student Costs, Student Financial Aid, Student Loan Programs, Student Needs
ACT Publications, P.O. Box 168, Iowa City, IA 52243.
Publication Type: Numerical/Quantitative Data; Reports - Research
Education Level: N/A
Authoring Institution: American Coll. Testing Program, Iowa City, IA.
Note: For related documents, see ED 312 930 and HE 022 981-984.