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ERIC Number: EJ1054658
Record Type: Journal
Publication Date: 2014
Pages: 23
Abstractor: As Provided
Reference Count: 33
ISBN: N/A
ISSN: ISSN-0884-9153
Financial Need and Aid Volatility among Students with Zero Expected Family Contribution
Kelchen, Robert
Journal of Student Financial Aid, v44 n3 Article 2 2014
Students with a zero expected family contribution (EFC) are those with the greatest financial need and least ability to pay for college and now make up more than one in three American undergraduate students. Yet little is known about the year-to-year financial aid volatility of these students, or whether it varies by how the zero EFC was determined. I use nationally-representative data to examine trends in zero EFC receipt over time and then use student-level data from nine colleges and universities to examine zero EFC stability over multiple years by zero EFC status. The results indicate overall stability in zero EFC receipt across multiple years, as about eight in ten students with a zero EFC keeping that status one year later. However, this masks a great deal of heterogeneity among zero EFC recipients by dependency and FAFSA filing statuses. These differences have significant policy implications for allocating scarce financial aid dollars.
National Association of Student Financial Aid Administrators. 1101 Connecticut Avenue NW Suite 1100, Washington, DC 20036. Tel: 202-785-0453; Fax: 202-785-1487; e-mail: membership@nasfaa.org; Web site: http://www.nasfaa.org
Publication Type: Journal Articles; Reports - Research
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Laws, Policies, & Programs: Pell Grant Program
Identifiers - Assessments and Surveys: Beginning Postsecondary Students Longitudinal Study