What is the significance of financial aid in higher education accessibility? 🔊
Financial aid plays a significant role in higher education accessibility by alleviating the financial burden on students and families. Scholarships, grants, and low-interest loans enable individuals from diverse backgrounds to pursue post-secondary education without the weight of crippling debt. By reducing barriers to entry, financial aid contributes to increased enrollment and graduation rates among underrepresented groups, fostering a more equitable educational landscape. Ultimately, it enables students to achieve their academic and career aspirations, promoting social mobility.
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