Study: Asian American students have highest amount of unmet financial aid need

By Rae Ann Verona

Asian Americans remain the fastest growing population in the U.S., but recently released data by the U.S. Department of Education shows that Asian American students have the largest gap between the cost of college and what they must pay—a gap advocates are labeling as unmet need.

“This further illuminates how the Asian ‘model minority’ myth is damaging to the success of Asian American communities and has wide-ranging implications postsecondary financial aid policies,” said the Center for Law and Social Policy (CLASP).

In a recent report titled “When Financial Aid Falls Short,” the center found that nearly three in four students experience the unmet need, with the level of unmet need being higher among students of color compared to their white counterparts.  Compared to 66 percent of white students, 72 percent of Asian American students at public two-year institutions experience this unmet need.

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