1. How Latinos Pay for College: Navigating College Finance Education Writer’s Association September 4, 2014Dallas, Texas Deborah A. Santiago

2. AudienceAssumptionFraming Parents/studentsAccessOpportunity PolicymakersChangeCrisis 2 themes…

3. Getting financial aid is too hard… LatinoAll Applied78%74% Received63%

4. Latinos received the lowest average total aid award amount of any group

5. Why?

6. Latino Student Profile Low- income 1 st in family Works 30+ hrs Enrolls PT & CC HSIs DACA/D reamer

7. Financial Aid Overview

8. Financial Aid Types: Grants/Scholarships, Loans, Work-Study jobs, Tax benefits Sources: Federal, State, Institutional, Private, Personal Acronyms: FAFSA: Free Application for Federal Student Aid EFC: Expected Family Contribution SAsP: Satisfactory Academic Progress DACA: Deferred Action for Childhood Arrivals

9. Expected Family Contribution (EFC)

10. Total Aid

11. Grants good; Loans… not so much Work-study, yes! For Latinos

12. State Aid Latino participation is equal to all undergraduates: 16% Latinos received a higher average state aid award than all undergraduates. Undergraduates Average State Award Latino$2,235 All$2,070

13. Institutional Aid Latino participation is similar to all undergraduates: 17% There is a substantial disparity in the average institutional grant award between Latinos and all undergraduates. Undergraduates Average Institutional Award Latino$2,965 All$4,260

14. Type of Institution Percent Received Aid Average Aid Amount Public 2-year43%$2,870 Public 4-year75%$7,105 Private 4-year86%$10,500 Private for-profit91%$8,420 Types of institutions

16. Data: National Postsecondary Aid Study (NPSAS), U.S. Dept of Education, excludes Puerto Rico in 2012 study Caution! Scams: Families asked to pay for services or applications that are free

17. www.EdExcelencia.org