Students missing out on financial aid

(CNN) - When it comes to paying for college, every dollar counts, but new nationwide research shows that our country's high school seniors are not doing all they can to get the financial aid they might need.

Many students are leaving real money on the table by missing out on financial aid because they're not even applying for it.

A new analysis of government data done by Evisors Network shows that two million students that could have qualified for federal Pell grants in the 2011 school year didn't.

MORE:Obama promotes education agenda at Miami school

Of that group 1.3 million would have received the full $5,645 need-based grant, but the students didn't even fill out a FAFSA form.

The study found that nearly half of the students thought they were ineligible. Many people think income level is the sole requirement but it is not.

Also factoring in for eligibility was expected family contribution, assets, the number of children in the family who are in college, and the cost of college.

SEE ALSO:Investing for life: A smart plan for paying for college

Nearly 96 percent of recipients of Pell grants are from families making less than $50,000 a year, but experts say you shouldn't automatically exclude yourself by not applying.


You may also like...

Beach Treasure:Lost wedding ring found 8 months later

Nudist Lawsuit:Blind woman sues for having service dog refused

Reptile Invasion:Exotic "tegu lizards" taking over Tampa Bay

Dream Date:High schooler taking NFL cheerleader to the prom

Underwater Secret:Hidden caves beneath Weeki Wachee

Send in the Clowns:Clown shortage threatens the nation

Sasquatch on Tour:"Dead Bigfoot" on display in Texas

Eat Up:Yoga mat chemical found in hundreds of store foods

#ShortYellows:Florida quietly shortened yellow lights

Kittens shot:Officer shoots kittens in front of children

Popular photo galleries:

Faces of Meth:Devastating before and after photos of meth abusers

Trayvon Martin Shooting:Trayvon Martin crime scene photos and George Zimmerman injury photos

Hooters Winners:Winners of the 2013 Hooters swimsuit pageant

Rejected:Funny Florida license plates rejected by the DMV***warning graphic***

Deadly sinkhole:Home collapses, man dies in giant sinkhole

Popular Databases:

Florida Sex Offenders:Look up sex offenders in any Florida neighborhood here

Restaurant Inspections:Look up inspection reports for any Florida restaurant here


To find out more about Facebook commenting please read the
Conversation Guidelines and FAQs

Leave a Comment