Financial ‘Safety Schools’ Are Difficult to get

Financial ‘Safety Schools’ Are Difficult to get

Most public universities are not any longer affordable for low-income students, writes Carrie Warick, leaving few financially safe choices for applicants.

When applying to colleges, students can be told to add a “safety school” to make certain they’ve been accepted to a minumum of one institution. For low-income students, such as those who receive advising from college access programs like people in the National College Access Network, they even need a type that is different of safety school: a financial anyone to that they are not only accepted but in addition are reasonably sure they could afford.

As parents’ concerns about college costs surpass even their worries about having enough money for retirement, whether a reasonable college option exists — particularly for low-income students — is a question that is crucial. To answer it, NCAN designed an affordability measure to see whether a student that is low-income reasonably be prepared to successfully patch together all of the possible sources for funding a four-year degree in today’s public higher education system.

Why, specifically, a degree that is four-year? Because it’s the surest path to your middle income for low-income students and students of color. And why examine public institutions in particular? Because they were founded to serve all students in their state. Their missions are derived from ensuring access. At the very least, low-income students need just one college option that is affordable.

But unfortunately, only 25 percent of public, four-year residential institutions are affordable for the average first-time, full-time Pell Grant recipient that is working in a minimum-wage job. This percentage plummets to approximately 10 % when examining flagship that is public. Continue reading Financial ‘Safety Schools’ Are Difficult to get