ERIC Number: EJ764755
Record Type: Journal
Publication Date: 2006-Aug-24
Reference Count: N/A
The Misinformation about Financial Aid
Horwedel, Dina M.
Diverse: Issues in Higher Education, v23 n14 p34-37 Aug 2006
The escalating cost of college tuition seems to be on everyone's minds these days. Particularly concerned are low-income students, who are often averse to taking out loans for fear of jeopardizing their own, as well as their families', financial situation. Experts say economically disadvantaged students of all races are worse off if the only aid they receive comes in the form of student loans. Many students graduate only to face immediate and staggering loan debt. One other huge barrier preventing low-income students from attending college is misinformation about how much college costs and the availability of aid. Dr. Estela Zarate, research director for TRPI, says there needs to be a better effort at clearing up misperceptions about college costs. The institute is working to educate Hispanics about state and federal grant and loan programs, so students don't inadvertently forfeit the opportunity to get a higher education. Financial aid experts say that for all students, especially those who are the first in their family to attend college, college planning should start sooner rather than later. The challenge is getting students and parents to think about college at all.
Descriptors: Student Financial Aid, Paying for College, Economically Disadvantaged, Hispanic Americans, Attitudes, Misconceptions
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Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education
Authoring Institution: N/A
Identifiers - Location: California