Melissa Korn
speaker
822 appearances
14 recordings
1 series
first heard Sep 2017
last heard Sep 2024
Melissa Korn’s voice in public audio — every appearance, attributed to the second.
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Absolutely, it can be, but it doesn't need to be.
And as we see this shift in power and leverage that students and families have versus the schools being in charge of the whole process, it becomes a little bit less intimidating, right?
All of a sudden, you've got these students that are sitting back and getting these offers in, and it's the job of the school to really woo them and court them and make it clear why they're the place the students should be going.
No.
So students will still need to fill out the FAFSA, which is kind of the spigot through which you get all federal aid and much institutional aid.
They will still have to fill out plenty of paperwork around finances.
So the scholarships being offered, being dangled here, are not need-based aid.
They're what's called merit aid.
So, again, based on academic performance or other elements involved.
No college essay.
And high school teachers may be thrilled by this because they're not necessarily being asked to write all those recommendation letters anymore.
WSJ Your Money Briefing · Colleges Slip on Pledge to Enroll Lower-Income Students · 16 Sep 2022
podcast
This sort of initiative, increasing enrollment by lower-income students, is expensive for schools.
And a lot of them have great intentions, but ultimately don't have the money to put behind a really robust financial aid package.
A Pell Grant is a federal grant that students do not have to pay back.
They are need-based and they generally go to students from families that earn fairly low incomes.
It's used as a rough, not perfect, but useful proxy for lower income status of students.
So why are Pell Grant numbers falling behind?
The Pell Grant covers just a few thousand dollars and...
Other college expenses generally run far higher than that at both public and private four-year universities.
And as families' budgets tightened during the pandemic, a lot of lower-income students put their college plans on hold, if not walking away from them entirely.
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