Mark Kantrowitz, a financial-aid expert at FinAid.org, shares a great study that discredits the perception that minorities receive their fair share of scholarship monies. His study is supported by heaps of data which demonstrate that minorities are still on the lower end of receiving scholarship awards as compared to Caucasians:
The reality is that minority students are less likely to win private scholarships or receive merit-based institutional grants than Caucasian1 students. Among undergraduate students enrolled full-time/full-year in Bachelor’s degree programs at four-year colleges and universities, minority students represent about a third of applicants but slightly more than a quarter of private scholarship recipients. Caucasian students receive more than three-quarters (76%) of all institutional merit-based scholarship and grant funding, even though they represent less than two-thirds (62%) of the student population. Caucasian students are 40% more likely to win private scholarships than minority students.
The study indirectly sheds light on how Latinos and other minority families learn about college-related costs and financial aid. No question that the effectiveness and substance of the information received has a long-term impact on Latino college-going behavior and ultimately their transition into the workforce.