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Posted at 1:40 PM ET, 04/26/2010

GWU may boost student aid pool

By Washington Post editors

After receiving a record amount of financial aid appeals this year, a top George Washington University administrator will recommend an additional $5 million be added to the amount of financial aid allocated for the 2010-2011 school year, The GW Hatchet reports.

In February, the Board of Trustees approved a $10 million increase to the amount of financial aid slated for distribution - amounting to $143 million. But Executive Vice President and Treasurer Lou Katz said last week he will recommend an additional $5 million be added to that total at the board meeting May 14.

If approved, $148 million will be given out to GW students, up from $133 million this year and $120 million in fiscal year 2008. GW's fiscal year runs from July 1 to June 30.

"At the end of the day, the whole thing has got to balance out and we've got to prove it, but we are assuming they will approve it," Katz said of the recommendation.

Daniel Small, executive director of financial aid, said more than 950 students appealed for additional financial aid after original aid packages were sent for the 2009-2010 school year -- a 26 percent increase from the previous year when 750 students appealed for additional aid. Since the 2007-2008 academic year, appeals for aid have risen 72 percent, Small said.

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By Washington Post editors  | April 26, 2010; 1:40 PM ET
Tags:  Colleges and Universities, Education, Financial Aid, Student financial aid  
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Comments

Those aged 18-20 are also adults and not "kids" or "teens", meaning they shouldn't be called those words. It's good that George Washington University is adding more millions for financial aid, including a $10 million increase and a possible $5 million increase if the board approves it. When there's an increase in appeals for financial aid by prospective university students and university students, then the responsibility lies with the universities.

Posted by: LibertyForAll | April 26, 2010 10:57 PM | Report abuse

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