Federal financial aid investments at FIU make a critical impact in South Florida, allowing our region to gain new college-educated professionals as these individuals work to pursue their dreams.
FIU is one of the largest public universities by campus enrollment, and nearly 24,000 students currently receive Pell grants (46 percent of total undergraduate population).
- In South Florida, 138,803 students receive Pell Grants at the sum of $552,918,385.
- Over 57 percent of these students receive the maximum award based on an expected family contribution of $0.
- 45 percent of Pell grant recipients at FIU are first generation college students.
- 23,514 FIU students received Pell Grants in 2018-19.
- 20,218 FIU students receive Stafford loans.
- On average, our students graduate with an average debt of $19,923.
- Percentage of FIU borrowers defaulted on their Federal student loans within three years of entering repayment= 5.3% (National Average= 10.8%)
Together, we will make higher education not only an achievable goal, but a more affordable oneBetsy DeVos, U.S. Secretary of Education
Reductions to federal financial aid programs would disproportionately affect FIU’s students—many of whom are classified in the categories of highest need, such as the growing first generation and large Pell eligible populations—due to their heavy reliance on aid to attend school. As reauthorization and supplementary legislation move forward, year-round Pell grants and other access initiatives are still top priorities that would greatly benefit our students.
Research by our national partner, CEOs for Cities, shows that by increasing local baccalaureate degree production by just one percent, the South Florida region would benefit from an expected economic impact of $1.7 billion; such advances are only possible with continued federal financial aid investments.
Priorities/Recommendations for Congress
- Protect the maximum Pell grant amount and forestall interest rate increases on Stafford Loans.
- Encourage year-round Pell grants under the Higher Education Act.
- Department of Education