Millions in Aid Unclaimed by Community College Students
Many students at community colleges are eligible for need-based financial aid, but millions of dollars in aid go unclaimed every year, according to the College Board.
Almost 40% of Pell Grant-eligible students who attend community college didn’t apply for federal aid during the 2007-2008 academic year; only 23% of their counterparts at four-year public institutions similarly failed to apply, the College Board found.
Ironically, students are choosing to enroll at community colleges because they are much cheaper than other colleges; from 2007 to 2009, enrollment at community colleges rose 24%. Yet 40% of those students are failing to ask for financial aid.
If you know any college students — no matter what kind of college they are attending — encourage them to apply for aid. Students don’t always realize that aid is available, and every bit helps.