Financial aid priorities fall short of student needs

Tim Goral's picture
Monday, November 4, 2013

As the cost of attending college in the Rochester area has climbed, the amount of financial aid schools give to students has grown at an even faster rate — by tens of millions of dollars in recent years.

But for students such as Jerome Nathaniel, it isn't enough.

Nathaniel got more than $20,000 in financial aid from the University of Rochester in three out of his four years as a student. Now, the student from Brooklyn has a degree, a job and about $45,000 of student loan debt.

Colleges play an important role in making their often hefty price tags more affordable for students by offering financial assistance to those struggling to pay. This assistance is especially important for students at private colleges, such as UR and Rochester Institute of Technology, where tuition can be a particularly difficult reach for students of modest means.

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