Just Keep Planning — Your Future Can’t Wait
A new survey commissioned by the Florida College Access Network (FCAN) found that most Floridians have experienced job loss, pay cuts, or a reduction of hours due to COVID-19, and more than a third believe they’ll need additional training or education to find work at the same pay level.
Yet 42% of Floridians who are currently enrolled in college or a postsecondary training program said they have changed their plans, including taking time off or transferring to another school. This is the case for recent and soon to be high school graduates as well; more than 1 in 4 reported changed plans such as postponing enrollment, attending a school closer to home, or switching to a more affordable option.
A high school diploma is no longer the ticket to the middle class in Florida:
- 50% of recent high school graduates not enrolled in college are working by the fall after graduation, with median annual earnings of $12,000.
- 28% of working-age Floridians have earned a high school diploma as their highest level of education. Their median earnings are $27,522 a year.
- 13% of working-age Floridians have earned some college credit but no degree.
The case for staying in school
The most promising solution we’ve seen yet for leveling the nation’s ballooning income and wealth gaps is first-generation students earning bachelor’s degrees. A college education could be worth an incremental $1,000,000 in lifetime earnings versus a high school education. The average lifetime earnings for a high school diploma is $1.3 million while average earnings for a bachelor’s degree is $2.3million.
Given the overwhelming evidence that only a bachelor’s degree is likely to lift students who grew up in the lowest-income families to middle-income levels, these setbacks will tear at our social fabric for generations.
Graduating from college with a bachelor’s degree may not be a perfect indicator of leveling the playing field, but it is the best we have. And for nearly a decade there was progress not just in getting more first-generation students to enroll in the college (the easy part) but also ensuring they graduate (the hard part).
- Academic Advising
- Financial Aid – Scholarships, Loans & Grants
- Parental Support/Resources
- Health Services
- Student Engagement
- Food Banks & Pantries
- Technology Assistance
- Free Platform to help students find and apply for private scholarships, college financial aid and government grants, in one place.
- See what aid is available. Site provides an online calculator to give students a financial aid estimate based on six simple questions.
- Free college application and financial aid guide to every public school in America.
- Article: Billions in College Aid Hiding in Plain Sight
Have you completed your FAFSA?
Please note – Online applications (FAFSA) must be submitted by midnight, Central time, June 30th, 2020 for the 2019-2020 application cycle, and by midnight, Central time, June 30th, 2021 for the 2020-2021 application cycle. Adjustments to the previously submitted applications can be submitted up to September 11th.
Every student regardless of income or whether you are pursuing a certified technical education, a two-year associate degree or a four-year bachelor’s degree should complete the FAFSA. The Free Application for Student Aid (FAFSA) is a federal application used to determine federal financial aid including the federal Pell Grant program and federal student loans. Some institutions and foundations also use it for scholarship opportunities that they have. Every student should complete the FAFSA. The student and a parent will need basic family information as well as income information. For the current FAFSA application, the family will need to provide the income from their 2018 tax return. If they can, families should use the IRS data retrieval tool to import their income information to reduce errors in reporting. Students can share their FAFSA information with up to ten schools, so each school and create a financial aid package that will work toward the cost of attendance.