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How Financial Aid affects college enrollment by income and race.

Need-based financial aid more positively affecting enrollment for low income students.

Financial aid policies from State Government affect college enrollment based on the students family income and racial background. The aim of financial aid is to help make sure that people from low social economic backgrounds were able to attend college and give them a chance to break from their poor backgrounds.

However the rise of Merit-based financial aid system like Georgia's HOPE (Helping Outstanding Pupils Educationally) is going to reduce Need-Based financial aid and have a negative effect on minority enrollment in college.

This will also push many minority students to more lower priced and less selective colleges and this will greatly affect their future prospects.

State Grants and Need-based financial aid are associated with increased college enrollment with the most increase being among low-income minority students.

Higher income students in general have higher chances to get to college compared to lower income students when there is no financial aid.

It was also found that the likelihood of attending college is highest immediately after graduating from high school and the longer a person waits after finishing high school, the less likely they will attend college. This is due to lack of financial resources and less access to social networks and information that promotes a culture of going to college.

Asian Americans have most likelihood to attend college while African Americans had least likelihood to attend college.

Financial Aid information obtained by the student prior to graduation positively affects their enrollment to college. Students who expect to get financial aid or Pell Grant are more likely to attend college.