October 12, 2009

Data Points: The Poorer the Family, the Larger the Unmet Need for Financial Aid

In a year when federal and state governments have focused attention on access to college, data show that less-wealthy families face unmet needs for financial aid to help pay college bills, even after receiving institutional financial aid. To pay for college, many poorer students seek supplementary help from relatives other than parents and from private loans. In contrast, students from wealthier families enjoy, on average, a surplus of financial

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