fbpx

Planning how to pay for college is more important than ever: Schools can help by informing

Plan how to pay for college
dean and professor of education and economics at the Harvard Graduate School of Education, who has overseen a series of landmark studies,

12th of January –Hispanic Solutions Group

Helping students plan how to pay for college is more important than ever: schools can help, as always Hispanic Solutions Group, identified with users and consumers, informing and guiding them in a timely manner, so that they make the right decisions in their financial activities, this time the subject of student loans will be touched and we tell them that: Many low-income students can lose every once again the opportunity to go to college due to uncertainty and confusion about how to pay for it.

Just over 53% of the Class of 2021 applied for college financial aid before the start of the quarter this fall, a 5% drop compared to the proportion that completed the Free Application for Federal Student Aid in the Class of the Year 2020, which in turn was a significant drop in the class that graduated before the 2019 pandemic.

The National College Attainment Network, a nonprofit organization that tracks student financial aid, estimates that nationwide more than a quarter of a million fewer students have applied for federal financial aid in both classes of high school graduates since the pandemic began.

Low-income students had 6.5% fewer students applying for financial aid in the class of 2021, almost twice the size of the decline in the wealthiest schools. And schools where at least 2 in 5 students are black or Latino had 8.1% fewer graduates in the current year 2021 who applied for the FAFSA, a decrease more than three and a half times greater than that of schools serving more white and asian students. Class of COVID: The graduates of this year 2021 are struggling harder and feeling the stress.

In an interview Bridget Terry Long, dean and professor of education and economics at the Harvard Graduate School of Education, who has overseen a series of landmark studies on ways to improve student participation in financial aid, said ongoing school closings and financial concerns for students and families who have not been able to plan (to pay for college).

To keep students on track, he recommended that schools partner with trusted groups in the community to continue to reinforce the importance and steps of college financial planning. “Attendance does matter,” he said. I think the important part here is that care doesn’t necessarily have to be expensive, but it has to be an established relationship of trust.

Having people really dedicated to every aspect of the college application process, for example a college high school counselor, a financial aid counselor, would really help students to be able to go to college more situated and calm, Knowing that your finances are in check is a great way for students to enter college with less stress.

Ideally, the earlier you start with savings earmarked for college, the better, the more bilingual counselors to help Latino parents manage that process.

If you have any questions related to finances, credits in the United States and other related topics, but do not know who to turn to, contact us by going to Hispanic Solutions Group, writing to info@hispanicsolutionsgroup.com.

If you need to make an appointment you can ask here or accessing financial information on YouTube, The credit channel, Our specialists in charge Jessica Aliaga-Froelke will be informing you of any concerns regarding this and other financial matters of general interest and guidance as in this topic, today we bring you the following report so that you can make your most important economic decisions, also himWe invite you to follow our social networks: Linkendin, Facebook, Twitter, Tiktok and Instagram.