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High number of college students missing out on financial aid

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Photo: Video by ktnv.com

High number of college students missing out on financial aid

By Megan Telles. CREATED Mar 10, 2014

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

Many students are leaving the opportunity to get financial aid, because they're failing to even apply for it.

Evisors Network recently took a poll, and the results showed two-million students that could have qualified for Federal Pell Grants in the 2011 school year, didn't even apply.

Of that group, 1.3 million students would have received the full $5,645 need-based grant if they would have taken the time to fill out the FAFSA form. 

The study showed nearly half of the students thought they were ineligible. Many people assume income level is the sole requirement, but it's not. 

Expected family contribution, assets, the number of children in the family who are in college, and the cost of college, all factor in for eligibility.

96-percent of recipients of Pell Grants are from families making less than $50,000 a year, but experts said you should not automatically exclude yourself by not applying.

Megan Telles

Megan Telles

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Megan Telles is co-host of Valley View Live! and the Social TV journalist for Action News.