Missed opportunities: report says financial aid money not used.We keep hearing that financial aid is plentiful and is available for those who want it. But a new study suggests that much of the money is going unused. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the American Council on Education Established in 1918, the American Council on Education (ACE) is a United States organization comprising over 1,800 accredited, degree-granting colleges and universities and higher education-related associations, organizations, and corporations. , half of all undergrads This article is about the television show. For the educational term, see undergraduate education. This article or section does not cite its . You can Wikipedia by introducing appropriate citations. in 1999-2000 (the most recent data) who attended an IHE IHE Integrating the Healthcare Enterprise IHE Institutions of Higher Education IHE International Institute for Infrastructural, Hydraulic and Environmental Engineering (historical acronym only, replaced by: IHE Delft, the Foundation) that participated in federal student aid programs failed to apply for financial aid. That's about 8 million students who missed out on getting available funds. The report, titled "Missed Opportunities: Students Who Do Not Apply for Financial Aid," examined the rate at which under grads failed to complete a Free Application for Federal Student Aid (FAFSA FAFSA Free Application for Federal Student Aid (US Department of Education) ). Interestingly, the problem appears to be greatest in community colleges, which are currently being inundated in·un·date tr.v. in·un·dat·ed, in·un·dat·ing, in·un·dates 1. To cover with water, especially floodwaters. 2. with new students across the country. According to the report: "Two-thirds (67 percent) of the students attending community colleges did not complete a FAFSA in 1999-2000, while 42 percent of those attending four-year public institutions, and 33 percent of those at private not-for profit corteges and universities failed to fill out a FAFSA. By comparison, only 13 percent of students at private for-profit institutions failed to apply for financial aid." Other findings: * Approximately 1.7 million non-filers came from low- and moderate-income families. * One-third of non-applicants were fulltime students. * About 850,000 students who didn't file a FAFSA were likely eligible for a Pell Grant. * Missed deadlines resulted in more than half (55 percent) of students reducing their chances of getting aid. "It is deeply troubling to think that almost two million low-and moderate-income students may have missed the opportunity to receive needed assistance simply because they failed to fill out a federal form that is available on the internet and in almost any high school or college financial aid office," said ACE President David Ward. "We all share some blame for this problem--colleges, high schools, parents, policy makers, and opinion leaders. If ever there was a time to advertise the availability of student aid, that time is now." The full report is available as a PDF (Portable Document Format) The de facto standard for document publishing from Adobe. On the Web, there are countless brochures, data sheets, white papers and technical manuals in the PDF format. document online at www.acenet.edu/programs/policy/index.cfm. |
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