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Federal Reserve Study: ‘Last Dollar’ Program Helps Boost Low-Income College Enrollment

June 11, 2018

Targeted supplemental financial aid can make a difference to low- to moderate-income college students, according to a preliminary report from the Federal Reserve Bank of Philadelphia. The study focused on a Rutgers-Camden program called “Bridging the Gap” that debuted in the fall 2016. As tuition increases and student loan debt soars nationally, many universities and government programs are looking for ways to reduce financial barriers to college.
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