Your goal with tuition aid is graduation, not this year’s enrollment. Families who don’t reduce their spending must put it on a line of credit. What this means in reality is that entertainment, emergencies and miscellaneous are put on credit cards with a revolving balance. When a family’s "Financial Condition Indicator" reaches 75% a family's budget is in a downward spiral. Dis-enrollment is on the horizon.
The typical tuition aid applicant is living on the edge. How long can a family maintain this budget before they have a major bill that ends their commitment to Christian education? This is why the financial wellness of your aid recipients is so important – if your goal is to see them through to graduation.
Give a family a grant and you help them for a year. Teach them biblical financial principles and you’ll help them for a lifetime.