Is affordability really the issue? Analyzing the role of financial aid in retention helps paint a true picture of why students may choose to leave.

University BusinessVol. 9 Nbr. 11, November 2006

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MONEY MATTERS

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Is affordability really the issue? Analyzing the role of financial aid in retention helps paint a true picture of why students may choose to leave.

IN EXIT INTERVIEWS WITH students planning to transfer, the issue of affordability almost always tops the list of stated reasons for leaving. Institutions whose leaders take such responses at face value, however, could end up spending additional financial aid on upperclassmen without seeing any improvement in retention.

Often saying "I can't afford it" is easier than saying "I'm homesick," or "I don't know what I want to do with my education," or "I'm...

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