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A new report from Grossmont College says the number of Grossmont students applying to receive financial aid is increasing, along with the amount of dollars disbursed in tuition assistance.
Michael Copenhaver, Grossmont College director of financial aid, said the number of students completing the Free Application for Federal Student Aid (FAFSA) is 31 percent higher for a12-month time period from January to December 2009, compared to the same 12-month period in 2008.
The FAFSA, the federal government’s instrument for calculating need-based aid, is used by colleges and universities to determine financial aid eligibility for federal and state aid programs. Although it’s only halfway through the 2009-2010 academic year, Copenhaver said the college already has processed 14,868 FAFSA applications as of Dec. 31, 2009; that number exceeds the total of 13,158 in FAFSA applications processed during the entire 2008-2009 academic year.
In addition, Copenhaver said his office disbursed approximately $7,683,053 in financial aid in the Fall 2009 semester, which ran from August to December 2009. He said the college is on track to disburse a total of approximately $15.5 million by the end of the Summer 2010 semester. In comparison, Grossmont students received $14.8 million in financial aid during the 2008-2009 academic year, and $13.1 million during 2007-2008.
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