Reflective Journal Week 7

It is well known that students attendance to higher education institution is conditioned to financial issues. Not every student has the funds to cover the highest rates of universities and colleges. Many times their hope is their financial aid and federal loans approval. Unfortunately, low-income students have many factors that affect their success and career achievement.

Low-income students work many hours per week in order to pay not only their school but also their own expenses as rent, services, transportation, and food. They are more dependent on financial aid and grants.

Grants and loans are the major forms of federal financial aid for degree/certificate-seeking undergraduate students. The Pell Grant program is the largest federal grant program available to undergraduate students. Students should know that in order to qualify for a Pell Grant, they must prove financial need. Federal loans, on the other hand, are available to all students and payments start after their graduation, but it still being a big compromise for those undergraduates with uncertain futures due to their financial status, sometimes even homeless.In addition to federal financial aid, there are also grants from state and local governments, institutions, and private sources, as well as private loans.

Over 58,000 students identified as homeless on the 2013 Free Application for Federal Student Aid, a 75 percent increase over the last three years.
Created By
Sandra Quintero


Created with images by Edvisors - "Types of financial aid" • rik-shaw - "congratulations Albany High School graduates! - Albany, NY June 2012" • josemdelaa - "homeless blankets charity" • festland - "homeless vagabond lonely"

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