A Few Hundred Dollars in Aid Can Make All the Difference to Some College Students
Some of the brightest students on the path to graduation are more likely to drop out of college if they lose even small amounts of financial aid, according to a study released Tuesday by EAB, an education consulting firm.
Researchers analyzed more than 40,000 students and found that those with grade-point averages above 3.0 who lost $1,000 to $1,500 in grant money are 2.5 percentage points more likely to quit school than those with little or no change in aid. All students who have a GPA between 2.0 and 4.0 are more at risk of leaving school when they lose financial aid. And the more money students lose, the greater their chance of quitting school.