The designation "low income" is often assigned to students who are Federal Pell Grant eligible; however, family incomes for these recipients range from $0 to as high as $60,000 (Baum & Payea, 2011). Over 93% of all zero expected family contribution (EFC) students have a family income of $30,000 or less and constituted 67.4% of all…

Investigated the impact of student characteristics and financial aid awards on degree completion rates of 2-year college students. Found that less than one-third obtained their degree, less than one-tenth of completers had a high school GPA of less than 2.0, federal loans and work study were positive predictors of degree completion, and federal…

The effects of financial aid on persistence to Bachelor's degree were studied using data from the national longitudinal Beginning Postsecondary Student Survey for 1989-90 freshmen. The subsample of 3,188 students were enrolled full-time in four-year institutions; persistence was defined as attainment of the Bachelor's degree from the institution…