Unstack the Odds: Help All Kids Access College—and Graduate!
by
Joe Rottenborn
Executive Director, Mahoning Valley College Access Program (MVCAP)
15. To Beat the Odds, Part 5
An important obstacle, of course, in accessing college and achieving success is the cost of a higher education. As Susan Choy stated, “The price of attending college is still a significant obstacle for students from low- and middle-income families, but financial aid is an equalizer, to some degree. Low-income students enroll at the same rate as middle-income students if they take all the necessary steps toward enrollment.” (Susan P. Choy, Access & Persistence: Findings from 10 Years of Longitudinal Research on Students, American Council on Education, 2002, p. 5.) http://inpathways.net/access.pdf
Others agree that financial aid—and a student’s conception of affordability--can help improve access and success. The authors of Reclaiming the American Dream stated the following in their report: “Both applying for financial aid and applying for college loans improve the likelihood a student will obtain a bachelor’s degree. So does a student’s or parent’s attendance at an information session on financial aid benefits. Likewise, students who believe affordability does not affect their choice of college have an improved chance of attaining bachelor’s degrees.” (William Bedsworth, Susan Colby, and Joe Doctor, Reclaiming the American Dream, The Bridgespan Group, October 2006, p. 12.) http://www.nhscholars.org/Documents/ReclaimingAmericanDream.pdf
Unfortunately, many at-risk students don’t access financial aid. According to the 2006 report for The Bridgespan Group, “Half to three-quarters of low-income students don’t apply for aid; they don’t apply for loans; and/or they don’t attend information sessions on postsecondary aid and its availability.” (William Bedsworth, Susan Colby, and Joe Doctor, Reclaiming the American Dream, The Bridgespan Group, October 2006, p. 15.) http://www.nhscholars.org/Documents/ReclaimingAmericanDream.pdf
Often, underrepresented students and their parents may figure college is out of reach for them because they can’t afford it. Sadly, though understandably, this belief can reduce their access and success in college. According to the writers of Reclaiming the American Dream, “factors that affect the perception of affordability also have an effect on rates of matriculation and completion. Low-income students who attended financial aid information sessions and subsequently applied for financial aid were much more likely to attend and complete college, presumably because they understood both the true cost of college and the types of aid available to them. The simple fact is that in order to make college affordable, low-income students need more financial aid.” (William Bedsworth, Susan Colby, and Joe Doctor, Reclaiming the American Dream, The Bridgespan Group, October 2006, p. 22.) http://www.nhscholars.org/Documents/ReclaimingAmericanDream.pdf
Alberto Cabrera and the researchers at Penn State summarized the varying correlation financial aid—and the types of aid—seemed to have with success in college. They concluded the following: “Research into the effect financial aid plays on degree completion is contradictory. Nora (1990), Voorhees (1987), and St. John (1990) found all forms of federal support equally effective in preventing students from dropping out. However, Stampen and Cabrera (1986, 1988) found persistence rates were highest when student aid packages included work-study programs. More recently, Adelman (1999) reported grant-in-aid and loans had a small but positive contribution to the probability of securing a college degree. On the other hand, Astin (1975) found grants and work-study programs had positive effects on persistence, while loans had negative effects when directed to low-income students. St. John's (1991) comprehensive review of 25 years of research on the effect of financial aid led him to conclude reception of financial aid has a positive effect on persistence to graduation regardless of the type of financial aid. He also noted inconstancies could be attributed to methodological problems in terms of analytical models followed, the use of institutional databases versus national databases and levels of controls.” (Alberto F. Cabrera, Kurt R. Burkum and Steven M. La Nasa, Pathways to a Four-Year Degree: Determinants of Degree Completion Among Socio-Economically Disadvantaged Students, Washington, DC: U.S. Department of Education, 2003, p. 25.) http://www.sheeo.org/access/On%20the%20Right%20Path.pdf
The PSU research team also quantified the correlation of various types (e.g., grants, loans) of financial aid and SES with degree completion; they found this: “For all students, receiving grants-in-aid and loans increases chances of completing a 4-year degree. Recipients of grants-in-aid are 7% more likely to earn a degree, while loan recipients are 12%. SES also moderates the impact of financial aid, particularly for loan recipients. Lowest-SES and Middle Low-SES students receiving loans increase their degree completion chances by 16% and 26%, respectively.” (Alberto F. Cabrera, Kurt R. Burkum and Steven M. La Nasa, Pathways to a Four-Year Degree: Determinants of Degree Completion Among Socio-Economically Disadvantaged Students, Washington, DC: U.S. Department of Education, 2003, p. 35.) http://www.sheeo.org/access/On%20the%20Right%20Path.pdf
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