1. Financial Pressure on Today’s College Students
Sarah Boeckmann
Andrew Nash
Heather Stitely

2. Financial Pressure on College Students
Need based vs. merit based financial aid
Higher enrollment
Aid as leverage
Higher enrollment is making there less money available to individual students, they have to search for it

3. Current Research Perceptions Reality Students working
Florida’s ranking
Tuition prices

4. Student Aid and Nonfederal Loans per FTE Undergraduate Student over Time
Source: CollegeBoard Trends in Pricing Report, 2013

5. Effects of Employment on Full-Time College Students’ Grades by number of Hours Worked per Week
Source: The State PIRGs’ Higher Education Project,

6. Why is this an issue? Students choosing work over loans
Affects all aspects of student life and wellness
Influences retention and academic success
Limits co-curricular involvement
Impacts overall college experience

7. Interview David Kenton, Associate Director Care Office
Abundance of financial aid
CARE students Residence Hall
Collaboration between HS guidance counselors and university staff
Loans, dropping classes vs paying back scholarships, family issues

8. Best Practices
Increasing accountability regarding money awarded to students
Financial aid counselors, success coaches
Need based financial aid
Allocating money—who gets it? How do they regulate it? Giving money to higher achieving students; neediest students “getting squeezed” and having to go to community college after being accepted into the university; universities taking responsibility for money; award more money so students can take the proper number of credit hours; make students accountable for money they are awarded

9. Suggestions Need based financial aid 30 more spots in CARE
Allowing CARE benefits for all students
Success coaching for all students, trained success coaches in different departments across campus
Overall awareness for Student Affairs professionals
Living Learning Communities that do not require meal plan
Connections between HS guidance counselors and parents

10. References
CollegeBoard. (2012). Trends in college pricing Retrieved from
CollegeBoard. (2013). Trends in college pricing Retrieved from
CollegeBoard. (2013). Trends in student aid Retrieved from
Diaz, M., Guo, Y.-J., Johnson, V., & Wang, S.-C. (2011). College students' stress under current economic downturn. College Student Journal, 45(3),
Gillin, Joshua. (2012 February). Florida ranks 45th in the nation for tuition costs, Denise Grimsley says. Retrieved from
45th-nation-tuition-costs-denise-gri/
King, T., Bannon, E. (2002 April). At What Cost? The Price That Working Students Pay For A
College Education. Retrieved from
Lipka, S. (2012, August). As typical student changes, so do worries about costs. The Chronicle of Higher Education. Retrieved from

11. References continued
Marcus, J. (2013, August 3). States tightening college aid rules. The Charleston Gazette. Retrieved from
Marklein, M. B. (2013, August 20). Students get financial aid at highest rate since WWII. USA Today. Retrieved from
Murray, C. (2013). Social support: main and moderating effects on the relation between financial stress and adjustment among college students with disabilities. Social psychology of education, 16(2), doi: /s
Vogel, M. (2013, June). Partnership friction: Private and community colleges offer four-year degrees. Florida Trend. Retrieved from
Wang, M. (2013, September). Public colleges’ quest for revenue and prestige squeezes needy students. The Chronicle of Higher Education. Retrieved from