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New FSG report: Keeping the Promise of Opportunity

August 22, 2012 Comments off

New FSG report: Keeping the Promise of Opportunity
Source: FSG (Foundation Strategy Group)

Financial aid and the ability to use it effectively plays a critical role in college enrollment and completion. As the cost of attending college has skyrocketed past family incomes in recent decades, access to financial aid is critical to ensure access to post-secondary education for low-income young adults. Yet, the current U.S. financial aid system presents a number of significant barriers for these students, and trends in aid are exacerbating the inequality that already exists in post-secondary education today.

Keeping the Promise of Opportunity, a new report from FSG, supported by the Bill & Melinda Gates Foundation, reflects interviews with national and state experts on financial aid—including policymakers, college leaders, financial aid officers, service providers, funders, and researchers—to explore the challenges low-income young adults face in accessing and using financial aid. The report also explores related trends contributing to inequality in post-secondary education today, as well as potential approaches to helping students overcome these barriers.

This report provides funders with recommendations from the field as to where support is most urgently needed to redesign financial aid to support post-secondary access and completion amongst low-income young adults.

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