ERIC Number: EJ794150
Record Type: Journal
Publication Date: 2008-Apr-25
Many Community Colleges Do Not Offer Federal Student Loans, Study Finds
Hermes, J. J.
Chronicle of Higher Education, v54 n33 pA23 Apr 2008
At least one million community-college students are denied access to federally guaranteed student loans because their institutions do not participate in the federal programs. This article describes the results of a study by the Project on Debt, a nonprofit advocacy group, which found that one in 10 community-college students, including one in five black students at such institutions, do not have access to federal student loans. That leaves few alternatives for students who need to borrow money for college. At the financial-aid offices of at least three community colleges that did not participate in federal loan programs, students were urged to look into alternative and private loans if they needed help to finance their education. However, financial-aid officers at the nearly 25 percent of community colleges that do not participate in federal loan programs say financially needy students can use federal Pell Grants to easily cover the colleges' low tuition rates.
Descriptors: Student Loan Programs, Community Colleges, Federal Programs, Grants, Paying for College, Financial Policy, Operations Research
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Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education
Authoring Institution: N/A
Identifiers - Laws, Policies, & Programs: Pell Grant Program