Program to Provide Need-Based Gap Funding to Eligible NH Students
In a positive development for New Hampshire students, the Community College System of New Hampshire (CCSNH) has unveiled a new program aimed at bridging the financial gap for eligible students. The initiative, which provides need-based gap funding, promises to make higher education more accessible and affordable for individuals seeking to pursue their academic goals.
Access to higher education is essential for personal advancement and societal progress. However, many Black and Latino students in New Hampshire face significant financial hurdles when it comes to paying for college Black and Latino communities can experience wealth disparities and income inequality, which can significantly impact their ability to pay for college. Historical and ongoing discrimination has limited wealth accumulation for many families, resulting in lower household incomes and fewer resources to invest in education.
Addressing Financial Barriers
One of the most significant challenges faced by students when considering higher education is the financial burden associated with tuition fees and other related expenses. Many aspiring students find themselves in a position where they cannot afford a college education due to limited financial resources. Recognizing this, CCSNH has taken a proactive approach by introducing a need-based gap funding program.
“Nationally we know only 25% of our nations’ Latin X population, and 28% of our nation’s black population have college degrees compared to 45% of White Americans. We also know that when focused solely on income data, 51% of low-income Americans enrolled in two- or four-year degree programs compared to their highest earning counterparts at 89%. Lastly…we know that while a fully eligible Pell Grant recipient can receive up to $6,895 annually towards their education, the average NH Pell Grant recipient award is $3,374, which is ½ of the FT Tuition cost at your local community college. The CCSNH’s Promise Program is critical in helping ‘bridge the gap’ for NH’s low- and moderate-income students in service of our state’s workforce development aspirations.” - Anthony Poore.
Program Overview
The need-based gap funding program will provide financial assistance to eligible New Hampshire students who are unable to cover the complete cost of their education. Through this initiative, the system will address the gaps that remain after a student has used all open sources of financial aid, such as federal grants and scholarships. By filling these gaps, CCSNH hopes to alleviate the financial burden on students and heir families, allowing them to focus on their studies.
Eligibility and Application Process
The program will be available to students enrolled in any of the seven community colleges within the CCSNH system. Eligibility will be determined based on various factors, including the student's financial need, academic performance, and progress towards their chosen degree or certificate. To apply for the need-based gap funding, students will need to complete the Free Application for Federal Student Aid (FAFSA) and show the need for additional financial support.
Impact on Students
The introduction of the need-based gap funding program will have a significant positive impact on students in NH. By providing financial assistance, CCSNH can remove the financial barriers that often prevent students from accessing higher education. This new program has the potential to open doors for countless young people who have the determination to succeed but lack the financial means to do so.
The struggles faced by NH Black and Latino students in paying for college are rooted in historical and ongoing systemic inequities. Addressing these challenges requires a multifaceted approach that starts with financial aid reforms, and leads to policy changes, and community support. By working towards educational equity and equal access to resources, we can strive to create a society where every NH student has an equal opportunity to pursue higher education and achieve their full potential.