"Fortunately, with smart, deliberate policy our state can still unlock higher education for thousands more students - and deliver a major boost to the economy. The key is uplifting a little-discussed group of Californians: prospective students who come from low- or middle-income households and have little or no family wealth. These students, who we refer to as "dually-disadvantaged," are often eager to attend college but don't have sufficient funds or support."
"Nationally, 52% of dually-disadvantaged students from low-income, low-wealth households are predicted to go to college, compared to 83% of students from low-income, high-wealth households. Among those who start college, only 20% of dually-disadvantaged students are expected to complete, compared to 59% of their similarly low-income, but higher-wealth peers. Here in California, nearly a quarter of FAFSA filers are both low-income and low-wealth, amounting to 41,730 first-time, in-state students a year."
Federal government budget cuts, regulations and executive orders are reducing support for higher education and will affect millions of current and prospective college students in California. California must develop new strategies to preserve college affordability and completion amid these federal changes. Family wealth, including savings, investments, real estate and business revenue, strongly influences a student's ability to attend and finish college, beyond income measures used by financial aid systems. Students who are both low-income and low-wealth face much lower enrollment and completion rates. Targeted policy to support these dually-disadvantaged students can expand access and boost the state economy.
Read at San Jose Inside
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