Community colleges are known for their low-cost education options that help students with limited funds get the training they need to find good jobs after graduation. However, many hopeful students realize that even community college can become an "impossible dream" once they discover federal loans are not available for many of these institutions.
A recent study from the Institute for College Access and Success found that more than one million students across 31 states cannot access the federal loans they need to make a college education a reality. We will explore the reasons behind this reality and how it impacts the ability of adults to get the education and training they need today.
What Federal Loans Can Do
The Institute for College Access and Success conducted this study through their initiative, Project on Student Debt, which is committed to helping make college more available and affordable to students of all backgrounds. The study states that community colleges serve various purposes, from awarding associate degrees and certificates to providing workforce training and lifelong learning opportunities for students of all ages. These schools are designed to serve students of all backgrounds and income levels, ensuring everyone in this country has access to the necessary training to land good jobs after graduation. Community colleges are currently educating 40 percent of all undergraduate students nationwide.
The low tuition and fee rates have historically made these institutions more affordable than other schools of