Latino Daily

As far as Fannie Mae is concerned, 2008-2009 proved to be a school year with a lot less borrowing than previous years for those entering into college. According to a study entitled “How America Pays for College,” which was done by the Gallup organization for Sallie Mae, the nation’s largest provider of student loans.

Here are some interesting figures. Hispanic respondents reported borrowing to pay for 32 percent of costs, African Americans for 34 percent, and Caucasians for 22 percent. The study goes on to show that Hispanic respondents were the most cost-conscious about college tuition.

According to the survey from Fannie Mae, Hispanic students only received an average of $4,442 in scholarship and grant aid, when compared to $5,268 for African-American students and $5,021 for white students.

While this survey was done on a small scale, it emphasizes the fact that Latinos nationwide need to be informed about their options, and be better educated on grants and local funding. There are lots of Latino families out there with a lot of talent and heart that deserve a good education. It takes us all working together by supporting local funding and non profit organizations for Latino education to make that come to life for more families.