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Author: Don Obrien

Report Examines the Lack of Financial Aid Among College Students in Massachusetts


Massachusetts has long earned the reputation as the education state. More than 500,000 students are enrolled in undergraduate, graduate and certificate programs across the state. But new research indicates that many of Massachusetts’ own residents are finding it hard to sustain the cost of a college degree due to the lack of financial aid in the state. 

According to uAspire, a nonprofit that works with over 5,000 high school students annually in the Greater Boston area, most of whom are first-generation students, students from low-income families or students of color, said that most of them had trouble finishing four years of college without going into deep debt.Download (13)

According to a study done by the Institute for College Access & Success, over 70 percent of students graduate with an average of $30,639 in student loan debt. 

A college education is often seen as a gateway to a good-paying job and a better life for many students from low-income families. Research has found that the median lifetime earnings for a college graduate are twice the amount as those with a high school diploma or GED. However, with rising college tuition, it has become more difficult for many students to finance themselves through college. Back in 1988, the state-funded aid MASSGrant could cover 80 percent of the tuition and mandatory cost on average. But now? Even the maximum amount would only cover about 14 percent. 

“The grounding reasoning for our doing this report is that our advisors were seeing that there are not affordable options for students,” said Anika Van Eaton, the author of the report and uAspire’s Massachusetts policy director. “So we took a deeper dive through looking at the financial aid offers in the research to see what this really means. And, you know, try and try and lift this up.”

The report surveyed 2,253 financial aid offers from four-year colleges and universities in Massachusetts received by 1,111 high school seniors between 2018 to 2020. Van Eaton and her team found that even at public colleges and universities, over half of the financial aid offers still left students with a bill of about $10,000 to cover by themselves or through loans. The statistics at private institutions are even more stark, at about 80 percent.

“We wanted to make it clear that there’s not a plethora of affordable options both within our public institutions and private institutions,” said Van Eaton.

The report offers several solutions to address this issue, including increase state funding for need-based financial aid. According to the report, an estimated $36 million in investment would cover the unfunded portion of tuition and fee. The report noted that the state could also work on reducing indirect expenses beyond the tuition, such as transportation, food, off-campus housing, childcare, and course materials for students. Other suggestions include expanding high school opportunities to earn college credit, developing paid student employment opportunities and designing a comprehensive debt-free public education system.

“Ultimately, we hope to bring attention to the lack of affordable options and financial hurdles that students must go through in Massachusetts and advance our recommendations for deeper investment in state financial aid and in promising programs to support student success because college affordability is important to advance racial equity and advanced economic mobility,” said Van Eaton.

Even with the reputation of being the education state, she said that Massachusetts still has a long way to go before students are succeeding in college without high bills and crippling student loan debt.

In the wake of the Biden administration’s support for free community college and student loan forgiveness plan, Van Eaton is excited to see the range of creative options that federal lawmakers are putting out.

“I’m really hopeful that some of these college affordability measures will come to fruition and will support students,” she added.



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