7 of 10 Undergraduates Receive Financial Aid Noted in Recent Report

Financial aid policy and the financial aid application process were topics at the Joyce Ivy Foundation College Admissions Symposium in May 2013. Financial aid and admissions professionals from highly selective colleges and universities provided updates for the almost 100 guidance counselors and community leaders who attended the May 10th Symposium and the 225 talented female high school juniors and their families who attended the May 11th Symposium. Each Symposium was hosted at the Washtenaw Intermediate School District Teaching and Learning Center in Ann Arbor, Michigan. Attendees from Michigan, Ohio, Minnesota and North Dakota, four of the seven Joyce Ivy Foundation states, joined the day long set of workshops.

The topic of financial aid as one source of support for the cost of college attendance continues to be noted in the media, on college campuses, within secondary schools and within family college planning conversations. A recent report which focuses on financial aid research is featured in The Chronicle of Higher Education's article about national financial aid trends. It is worth a review. Several highlights of the article include:

  • The National Postsecondary Student Aid Study, NPSAS, shows increased financial aid for enrolled undergraduates in 2011-2012. 
  • The United States Department of Education's National Center for Education Statistics reports that "71% of undergraduates received some form of aid in 2011-2012, up from 66% in 2007-2008."

The full report from NPSAS will be released later this fall through the National Center for Education Statistics. The research will support further analysis on how students pay for college, how they borrow and how colleges and universities as well as other sources of funding provide support.

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