Ohio Student Choice Grant may be eliminated for Some Students
According to a press release from the Association of Independent Colleges and Universities of Ohio, the Ohio Student Choice Grant may be eliminated by Governor Strickland's budget proposal to certain students. The grant would then only become available to students who qualify for the Ohio College Oppurtunity Grant, which is an financial need-based grant. The press release indicates that if this proposal were to happen, 75% of all recipients who had family incomes between $50,000 and $60,000 would lose their current Choice Grant. If cut, would the $900 Ohio Choice Grant be enough to sway a student that is at the margin of either attending college or leaving based on price?
14 comments:
i believe this choice grant would hurt students who are between lower and middle class and thinking of going to a private college. The tuition of state schools is significantly lower than private schools. The demand for a private institution would be more elastic. If the ohio grant was to decrease many students looking to go to marietta college might change their mind and go to Ohio State where the change in grant money is not as effective. On the other hand someone who has their mind set on going to a private college might not care about 900 dollars as they are paying 32,000 dollars for tuition anyways.
In my opinion,whether people will attend college or leave based on the total cost; of course, the total cost include implicit cost and explicit cost. Whether a student should go to college or go to work depends on the tution (how much money will cost a year). In addition, we should also think about the opportunity cost.
If this choice grant is eliminated I do believe that many people who are of the lower and middle class will choose to look at colleges that are less expensive. I know that 900 dollars a year is relatively inexpensive but at the end of four years it total 3,600 dollars which is a significant figure to consider when choosing a college. If the choice grant is removed it will certainly hurt privates schools. Ultimately, less people may attend private colleges, so the tution rate will be increased $900 to compensate the losses and then even more people will be drawn away from private schools.
Grants such as the OCG allows individuals of a low-income background to receive an excellent education. The Ohio Choice Grant is only approximately $900, and for many middle- to low- income families it helps a great deal. For my family, every little bit of money helps. If the grant was cut, many students would leave private universities and colleges for cheaper, public schools.
If the Ohio Student Choice grant were eliminated I do feel that student making college decision will have second thoughts. 900 dollars is a very large deal when it comes to paying for college. That money could be the reason to go or to not go to a college of ones choice and end up having to settle for less. I do feel that this will be a very large factor for Ohio schools in general where as the whole state could loose out on students attendig ohio colleges. I do feel that this is enough to make students think twice about college decisions.
The price for a college education now-a-days is becoming ridiculously expensive; however, I think that if cut, the $900 Ohio Choice Grant wouldn't influence a a student on the margin to leave college. My reason being that $900 is a relatively small amount of money when considering the entire cost of tuition that students have to pay inorder to attend college. I think that students will look more at their long run benefits of a higher income, rather than their loss of a few hundred dollars in the short run. In other words, thier long run benefits are greater than the costs that are hurting them in the short run.
Although I don't think that students will leave college if this grant is cut, i do think that students will have second thoughts about attending college, simply because they are losing money.
The price of a college education is extremely expensive, and price only continues to rise. When students like myself, are receiving a grant such as the Ohio Choice Grant for a price at $900, and then this is taken away, it makes it much more difficult. With the price continuing to rise, and then money being taken away, it seems like a lose-lose situation. I do believe that students would drop out of college because of this, or find a cheaper public school to attend.
$900 dollars isn't much when considering the explicit cost of going to college, but it's even less when considering the implicit cost as well as the explicit. If those at the margin think about the implicit cost of not going to college instead of paying the $900 will realize they have made a horrible choice.
Many people think that some students not getting this $900 is really no big deal but when you look at the families that already struggle to pay for tuition because they college and FASA say that their famiily can afford that much. I think having to pay another $900 is quite a bit of money because if you look at it that's about an extra $4000-$5000 for your college years depending on how many years you will have to be in college.
I think that the cut of the Ohio Choice Grant will have an affect on how many students at the margain will decide to go to college. Some may say that $900 does not seem like much when compared to the overall cost of attending college, but it is important to think about the affects of the extra cost down the road. 900 dollars for 4 years makes an additional $3,600 that a student is losing as a result of grant being eliminated. It is alao important to consider the rising price in college a college education. If getting rid of this grant was not going to affect that many students and their families, then less people would be making a fuss over it. But people are concerned about it, which tells us that those students at the margin will most likely be very hesitant with their decision.
Although the cut would be inconvenient I don't believe it will cause students to avoid going to college. Financial strain is always a concern with students, but if you want to go to college you can go. You may have more debt when you come out, but the boost in income due to the certification of yourself with a degree will most likely out way the 900 dollars in financial aid. I want as much money as I can get though. So please don't take away my money. Thanks.
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