Hawai`i Central FCU works to increase low college enrollment, deadline to complete the Free Application for Federal Student Aid (FAFSA) is June 30th
HONOLULU, HI (June 16, 2023) — With the June 30th deadline to complete the Free Application for Federal Student Aid (FAFSA) around the corner, Hawaii Central Federal Credit Union (Hawaii Central FCU) is working to get the word out to college-aged students and their families.
According to the 2021-2022 year-end report by P-20, college enrollment remains below pre-pandemic levels. The report states, “Public-school graduates who enrolled in college was down from a pre-pandemic level of 55% to 51%”.
P-20 is a statewide partnership led by the Executive Office on Early Learning, the Hawai`i State Department of Education, and the University of Hawai`i System that works to strengthen the education pipeline from early childhood through postsecondary education and training with data-informed decision making, advocacy, policy coordination and shared action.
“Although we are recovering from the pandemic, it had a huge impact on college enrollment, and we want to be a part of the solution,” says Hawaii Central FCU President Drake Tanabe. “Our keiki are our future, and we need to set them up for success.”
Hawaii Central FCU has a private student loan program with Student Choice that can help to fill funding gaps left after students apply for federal student aid to fund their 4-year undergraduate degree. Before Hawaii Central FCU can help, students must fill out the FAFSA to determine whether there is a gap. The FAFSA can be completed online at https://studentaid.gov/h/apply-for-aid/fafsa. Once that process is complete, we are here to help when federal student aid is not enough to make the dream of higher education and lifelong career goals a reality.
The application process is easy, and once approved, the funding renews yearly over the 4-year term through a revolving line of credit for students who continue to meet loan requirements. Loan requirements include meeting academic requirements with their 4-year educational institution.
About Hawaii Central Federal Credit Union
Hawaii Central Federal Credit Union is currently recognized by FORBES as one of the top three Credit Unions in the State of Hawaii. Founded in 1937, Hawaii Central Federal Credit Union is a member-owned, not-for-profit financial institution serving over 17,000 members and has over $325 million in assets. Membership is open to all individuals who live, work, worship or attend school on Oahu. Businesses and other legal entities on the island are also eligible for membership.