How to Help Financially Vulnerable Students Succeed

March 8, 2019

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Title: The Road Less Fragile: First Steps for Helping Financially Vulnerable Students Succeed

Source: The Institute for College Access & Success

The Institute for College Access & Success have published a new report that discusses the challenges faced by financially vulnerable students.

Among the key facts highlighted in the report:

  • Six in ten undergraduate students work while enrolled.
  • In 2015, 30 percent of college students’ households experienced an unexpected, large drop in income.
  • A typical White household has enough liquid asserts to cover 31 days of income if necessary, compared with five and 12 days available to Black and Latino households, respectively.
  • Nearly one million community college students lack access to federal student loans.

The report also suggests strategies for responding to these challenges, some of which include:

  • Provide low- to moderate-dollar emergency grants.
  • Directly provide resources like childcare and food banks.
  • Reduce barriers to federal safety net programs by reforming student-specific eligibility exclusions.
  • Further align federal financial aid with existing public benefit programs.
  • Make federal student loans available to more students.

To read the full report, please visit the Institute for College Access & Success website.

—Georgiana Mihut

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