Using Needs-Based Funds to Promote RacialInclusion, Diversity, and a Balanced Enrollmentat Tufts University School of Dent...
* Created for Race & Ethnicity in EducationEDU 6051, SEC 4Dr. Atira CharlesNortheastern University College of Professional...
**Demonstrate that minority students, particularlythose with foreign-born parents, are placed at afinancial disadvantage b...
**"If you look at who enters college, it now lookslike [a diverse] America…But if you look at whowalks across the stage fo...
**“At $22,886, the average amount Latinosborrow is slightly lower than for blacks($28,692), and white students ($24,742). ...
**“The [Student Debt Crisis] report states that27 percent of black bachelors degreeholders had more than $30,500 in loans,...
* Nikki Lowe Lane (2013)*
*
**Students with US parents (Citizens/PermanentResidents) may apply for the best financialaid, including the Tufts Grant*St...
*
**Low cost, favorable student loan*Only source of “good” needs-based aidavailable to students who do not qualify toapply f...
*
*
*
*
*
*
*
**Lower grant maximum for students with US parentsfrom $12,000 to $10,000*Use excess funds to create a Minority StudentGra...
**Minority Student*Eligible for:*$4,000 Perkins Loan*$42,722 Direct Unsubsidized Loan*$50,996 Grad PLUS Loan*MG = $4,029, ...
**Minority Student*Eligible for:*$6,000 merit scholarship*$42,722 Direct Unsubsidized Loan*$44,996 Grad PLUS Loan*MG = $3,...
*
**Needs-based grants only available to studentswith US parents*Limited Restricted (Endowed) Scholarshipopportunities for a...
**Need-based grants only available to studentswith US parents*Some outside scholarship opportunitiesavailable
*
**Ability to attract more minority student applicants*Lower average debt levels for minority studentborrowers*Lower averag...
*
** Boston University Medical Campus Student Financial Services. (2013). Retrieved May 18, 2013from http://www.bumc.bu.edu/...
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Re-Imagining Financial Aid at Tufts Dental School

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Current grant funding policies at Tufts University School of Dental Medicine preclude minority students with foreign parents from applying for favorable funding. Realigning our policies will boost minority student enrollment will giving these students an equal chance at financial success post-graduation.

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Re-Imagining Financial Aid at Tufts Dental School

  1. 1. Using Needs-Based Funds to Promote RacialInclusion, Diversity, and a Balanced Enrollmentat Tufts University School of Dental Medicine*
  2. 2. * Created for Race & Ethnicity in EducationEDU 6051, SEC 4Dr. Atira CharlesNortheastern University College of Professional Studies
  3. 3. **Demonstrate that minority students, particularlythose with foreign-born parents, are placed at afinancial disadvantage by our current grant policies*Demonstrate that by re-aligning our grantpolicies, we will not be harming current recipientsof needs-based funding*Provide a model for targeting minority students whoare ineligible to apply for grant funding with themaximum amount of needs-based funds available
  4. 4. **"If you look at who enters college, it now lookslike [a diverse] America…But if you look at whowalks across the stage for a diploma, its stilllargely the white, upper-income population."
  5. 5. **“At $22,886, the average amount Latinosborrow is slightly lower than for blacks($28,692), and white students ($24,742). Butmany first-generation collegians say theirparents, often hoping their children get theeducation they lack, offer little help in aconfusing maze of federal and private loansthat are often disguised as opportunity. “
  6. 6. **“The [Student Debt Crisis] report states that27 percent of black bachelors degreeholders had more than $30,500 in loans,compared with 16 percent of whitebachelors degree holders. More blackstudents who left school without finishing adegree cited student debt as the reason thantheir white peers – 69 percent versus 43percent – and 74 percent of Latinos who optedout of attending college cited finances as thereason, the report states.”
  7. 7. * Nikki Lowe Lane (2013)*
  8. 8. *
  9. 9. **Students with US parents (Citizens/PermanentResidents) may apply for the best financialaid, including the Tufts Grant*Students with foreign-born parents may applyonly for federal student loans (no grantsavailable)
  10. 10. *
  11. 11. **Low cost, favorable student loan*Only source of “good” needs-based aidavailable to students who do not qualify toapply for grant funding*Awarded to students with $0 in resources andeducational debt above the average for theirclass*Targeted to absolutely neediest students
  12. 12. *
  13. 13. *
  14. 14. *
  15. 15. *
  16. 16. *
  17. 17. *
  18. 18. *
  19. 19. **Lower grant maximum for students with US parentsfrom $12,000 to $10,000*Use excess funds to create a Minority StudentGrant*MG amounts will be calculated based on amount ofaccrued interest on a full Grad PLUS Loan*This award will be given to minority students whoqualify for Perkins beginning in their first year.*Minority students will be eligible to continue toreceive this grant so long as they maintain PerkinsLoan eligibility.
  20. 20. **Minority Student*Eligible for:*$4,000 Perkins Loan*$42,722 Direct Unsubsidized Loan*$50,996 Grad PLUS Loan*MG = $4,029, replacing Grad PLUS*Lowers year one borrowing by $4,029, interestover four years by approximately $16,000.
  21. 21. **Minority Student*Eligible for:*$6,000 merit scholarship*$42,722 Direct Unsubsidized Loan*$44,996 Grad PLUS Loan*MG = $3,555, replacing Grad PLUS*Lowers year one borrowing by $3,555, interestover four years by approximately $14,000.
  22. 22. *
  23. 23. **Needs-based grants only available to studentswith US parents*Limited Restricted (Endowed) Scholarshipopportunities for all students* Harvard School of Dental Medicine Financial Aid Manual 2011-2012.
  24. 24. **Need-based grants only available to studentswith US parents*Some outside scholarship opportunitiesavailable
  25. 25. *
  26. 26. **Ability to attract more minority student applicants*Lower average debt levels for minority studentborrowers*Lower average debt levels for ALL borrowers*Only Boston-based dental school offering needs-based grant funding targeted to students withforeign parents*More competitive option for minority studentdentists
  27. 27. *
  28. 28. ** Boston University Medical Campus Student Financial Services. (2013). Retrieved May 18, 2013from http://www.bumc.bu.edu/osfs/sdm/application2013-2014/.* Equal Justice Works. (2013). How Student Debt Affects Women, Minorities. Retrieved May16, 2013, from http://www.usnews.com/education/blogs/student-loan-ranger/2013/05/01/how-student-debt-affects-women-minorities* Harvard School of Dental Medicine Financial Aid Manual 2011-2012 (n.d.) Retrieved May16, 2013 from http://hsdm.harvard.edu/file-richtext/FAManual_web_page_1112.pdf.* Lane, Nikki Lowe. (2013). Multicultural Affairs Initiative to Support Cultural Needs of SDMCommunity. Retrieved May 16, 2013 fromhttps://northeastern.digication.com/readfile.digi?localfile=Mbab2e4a6e2cd1ce205bd59a52df06ae1&filename=Nikki+Lane+Race+and+Ethnicity+Final+Project+Essay.pdf.* Ramirez, Rosa. (2013). Minority Students are Saddled by Student Loan Debt. Retrieved May16, 2013, from http://www.nationaljournal.com/thenextamerica/education/minority-students-are-saddled-by-school-loan-debt-20130130.* Thomas, Evan; Wingert, Pat. (2010). Minority Report. Retrieved May 16, 2013, fromhttp://www.thedailybeast.com/newsweek/2010/02/18/minority-report.html.

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