In comparison to their non-first generation or higher-income peers, first generation college students, especially those from low-income households, face extensive challenges regarding financial aid, whether that be throughout the college application process or student debt in the aftermath. Colleges, advisors, parents, and first-generation students themselves, should all be aware of the financial implications of attending college, remaining conscious on the matter.

As a general consensus, although it so happens that first-generation college students are more likely than non-first generation college students to receive financial aid, they are also more likely to be financially illiterate. As a result, they are prone to incurring more student debt and earning less income than their peers post-college. Generally speaking, their graduation rates are also lower than their peers, with financial aid or lack thereof playing a role in that as well. 

This research aims to spread awareness about the critical nature of financial aid for first generation students in college, open pathways to vital advice during the application process, and increase graduation rates for first-generation college students to combat the decreasing rates that are currently in place. It also aims to increase financial literacy for first generation college students overall. By broadening awareness and creating or strengthening programs implemented to help first generation college students financially, we can create a better educational environment for them overall.