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Middle Class Financial Aid System

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Abstract Less than 2% of middle-class families use a financial aid service compared to 60% of lower-income households. Due to these statistics, this difference is a result of middle class’s belief that financial aid is not beneficial to the wealthy nor the middle-income families. Middle-class America is extremely hard working due to the fact they could work every single day of their life and not qualify for any financial aid towards a higher education, as opposed to a low-income house hold that has two adults who haven 't worked a day in their life who 's kids receive free college tuition based on low income. Solutions are limited because only a select few receive scholarships and grants due to academic and athletic abilities. Alternate solutions …show more content…
Which required rewarding grants towards low-income students who could not afford nor attend college because of their families financial barriers. The expectations and learning criteria of high school students have changed immensely since this system was made. It is practically expected of high school graduates to go on to college or higher education , even if these students and family of students do not have the money for a higher education. Since these standards of education have increased, the price of a college education and tuition has also changed, increasing an astonishing 439% over the past several years as studied by The Economist. This increase in prices for higher education results in middle-class families that cannot afford to pay for their kids education, which is resulting them in the same scenario as the lower-income students which completely defeats the purpose that the Financial Aid systems were presented for in the first …show more content…
L., & Riley, E. (2007). Financial aid: A broken bridge to college access? Harvard Educational Review, 77(1), 39-63,127. Retrieved from http:// search.proquest.com.proxy.davenport.edu/docview/212260577?accountid=40195
Chabot, B. (2003). Investing for middle america: John elliot tappan and the origins of american express financial advisors. The Journal of Economic History, 63(1), 285-286. Retrieved from http://search.proquest.com.proxy.davenport.edu/docview/216309484?accountid=40195
DiMaria, F. (2008, Jun 16). Ivy league schools give middle-income families a break. The Hispanic Outlook in Higher Education, 18, 10-12. Retrieved from http:// search.proquest.com.proxy.davenport.edu/docview/219303192?accountid=40195
Dynarski, S., & Scott-Clayton, J. (2013). Financial aid policy: Lessons from research. The Future of Children, 23(1) Retrieved from http://search.proquest.com.proxy.davenport.edu/docview/ 1519297903?accountid=40195
Sarracent, M. C. (2001, Jan 29). FINANCE AND TUITION: Pell grants "assaulted by the middle class"; loans now 59 percent of student aid. The Hispanic Outlook in Higher Education, II, 25. Retrieved from http://search.proquest.com.proxy.davenport.edu/docview/219293327?

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