Financial Aid Day to be held at State house

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BOSTON – Financial Aid Day, an annual rally organized by the Association of Independent Colleges and Universities in Massachusetts along with the Massachusetts Association of Student Financial Aid Administrators, will be held at the State House.

More than 150 students, from 30 colleges and universities, are expected to attend.  Speaker Robert DeLeo and Sen. Linda Dorcena Forry (D-Boston) are scheduled to address the students.  Last year during Financial Aid Day, Gov. Deval Patrick described the state’s needs-based financial aid grant program, MassGrant, as being “chipped away” at over the years.

In 1988, the MassGrants scholarship program met approximately 80 percent of student need, according to the Patrick administration. Right now it meets about 8 percent.

In the fiscal year 2014 budget, the Legislature increased funding for needs-based financial aid by $3 million, according to AICUM.

The event takes place Monday, February 24th, 1 p.m. to 4 p.m., Great Hall, State House

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