Last week, Florida Governor Jeb Bush signed into law a new $6.5-million increase to financial aid.
Now, students whose parents do not have bachelor’s degrees could get help though need-based awards.
Application is open to all students; however, officials hope the new program will help boost minority enrollment and retention.
The First Generation Matching Grant Program was proposed after minority enrollment dropped last year at the 11 public universities in Florida.
The bill, sponsored by Democratic state senator Al Lawson, was signed by Gov. Jeb Bush at the historically black Florida A&M University, where many students supported the legislation.
The amount of each scholarship granted through the new program will not exceed the cost of attendance; in Florida, costs average $15,000 per year. Awards will be granted based on the cost of attendance minus other aid received.
Some legislators have speculated that the decrease in minority students attending the state’s colleges and universities is due to Gov. Bush’s prohibition of race-based considerations in school admissions.
Affirmative action-based admissions and financial aid decisions have been under fire lately at the national level. Universities are struggling to improve ethnic and intellectual diversity on campus, but many say these considerations are unfair to otherwise deserving white students.
In Florida, Gov. Bush scrapped affirmative action, opting instead to use his One Florida program. Although the plan allowed for a reserved spot at state school for the top 20 percent of Florida’s graduating seniors, many say it did not support minority enrollment.
Article Title : FL Boosts Need-Based Aid, Minority Enrollment
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Education is one of the most basic right of any human, but with the increase in prices and the costs involved in education this has made these rights turn into a privilege which very few can enjoy. Any normal person today in the whole of United States has to take an education loan at one point of time to pay for their education fees.
While you are attending school and after you graduate, be sure to establish and protect your good credit rating. Make all loan and other payments on time; use cash instead of credit cards; and monitor your spending habits.