Most without college education unfamiliar with financial aid resources
A new survey conducted by Public Agenda, a nonprofit research organization, has revealed that 70 percent of those who do not have a college education are not fully apprised of the basic guidelines for applying for financial aid.
The poll evaluated the views of 600 young adults with credentials ranging from a high school diploma to a college degree. While 67 percent of those with a college education were able to identify FAFSA (Free Application for Federal Student Aid) as a financial resource, just 26 percent of those who had a high school diploma were able to do so.
This lack of awareness of financial support may play a role in a lack of optimism among those who have not attended college. While close to 40 percent of that group have given "a lot of thought" to continuing their education, just over a third consider it "very likely" that they will ultimately be financially secure.
"Young people who don't get a credential beyond high school face a trifecta of barriers," said Jean Johnson, director of education insights at Public Agenda and the lead author of the survey report. "They're more likely to come from poorer, less-educated families; they lack basic knowledge about the higher education system and employers; and many aren't convinced a college degree will pay off for them, especially if they need to borrow to get it."
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