On Friday, President Barack Obama and First Lady Michelle Obama visited Miami-Dade’s Coral Reef Senior High School to emphasize the importance of education and to urge students to apply to college federal student financial aid programs. "We want every young person to have the kinds of teachers, and the kind of classes, and the kind of learning experiences, that are available to you here at Coral Reef," Obama said to a jam-packed, enthusiastic crowd in the gym. “Because that's the best investment we can make in America's future."


The president announced the start of a new effort to help students fill in the Free Application for Federal Student Aid (FAFSA) the essential first step to apply to almost $150 billion in federal aid programs like the William D. Ford Federal Direct Loan Program or Pell Grants. FAFSA is also used by states and universities to provide students with financial assistance. The FAFSA initiative was implemented by executive order, and is aimed at the fact that many students are not taking advantage of these programs. According to the U.S. Department of Education, each year more than a million high school seniors do not file a FAFSA. Obama said this fall, the Department of Education would let states know which students did not fill out a FAFSA so that local school districts, could offer help to students in filling out their forms. The president urged all Coral Reef students to fill out FAFSAs, even if they thought they wouldn’t qualify for aid.

Since it was introduced, FAFSA has been simplified. In 2009 it took as much as an hour and half to fill out. Today, intuitive, online software lets parents and students skip irrelevant questions and load financial info directly from the Internal Revenue Service website. "It takes about half an hour to fill out and it could change the rest of your life," Obama said.

The International Baccalaureate Academy student who introduced the president, Anyssa Chebbi, made her mark as a student leader, but had doubts about being able to afford further education. "Thanks to FAFSA, attending college has gone from a distant dream to being a very real, affordable possibility,” Chebbi said, noting that she had applied to both Harvard and Yale. In Florida, just over half of all graduating seniors fill out the FAFSA. Coral Reef has raised its completion rate to 71 percent. The president also credited the entire Miami-Dade School district with sending a high percentage of low income students to college.

Coral Reef High School

Coral Reef High School is a mega-magnet school in southwest Miami-Dade County. Built in 1997 for $32.3 million, it sits on 59 landscaped acres and included a public park, 4 outdoor basketball courts, 6 tennis courts, a baseball / softball field and practice fields for football and soccer. The school is an example of the job-driven workforce training that Obama backs. The high school has an active agricultural science laboratory with a shade house and animal husbandry area. The school is divided into multiple academies, with curricula tailored to student interests:

  • The International Baccalaureate Academy
  • The Business & Finance Academy
  • The Agriscience & Engineering Technology Academy
  • The Health Sciences Academy
  • The Visual & Performing Arts Academy
  • The Legal & Public Affairs Academy

Students must apply to the high school and are chosen by lottery. The school also employs a tool that the president is backing -- a campus-wide Wi-Fi. In 2012 Miami-Dade voters approved a $1.2 billion bond issue to improve its schools with upgrades including Wi-Fi for students. While at Coral Reef, the president and first lady watched students fill out their FAFSAs using the campus Wi-Fi.

During his visit to Miami, the president urged congress to pass his more that $750 billion educational initiative that would help high schools restructure themselves into the college and workplace-themed academies exemplified by Coral Reef. His program would also help adopting more digital technology. While in town, Obama also urged further funding for his Race to the Top competition, which Miami-Dade has adopted.

Related Articles
  1. Credit & Loans

    All About Student Loans

    Student loans bridge the gap between college savings, scholarships and earnings from part-time work.
  2. Credit & Loans

    Student Financial Aid Changes: FAFSA 2015-2016

    Here is a look at some of the major changes to FAFSA in 2015 - 2016 and how they will affect student financial aid.
  3. Personal Finance

    How Paying For College Begins Well Before Freshman Year

    Don't overlook the hidden real costs of paying for college, especially those early expenses that mount while your child is still in high school.
  4. Budgeting

    Financial Risks That Don't Pay Off: The Cost Of Reckless Financial Behavior

    Despite the recessions, citizens continue to take financial risks and spend outside of their means without fully appreciating the potential consequences for both themselves and the wider economy.
  5. Personal Finance

    Why You Shouldn't Worry Too Much About New Student Loan Rates

    A new federal loan interest rate went into effect on Monday, doubling from the previous rate of 3.4% to 6.8%. Despite the hike, there's actually little cause for alarm for the majority of people ...
  6. Personal Finance

    Is Higher Education Still A Good Investment?

    Rising tuition fees and an ailing job market continue to perpetuate a cycle of spiralling student debt and lost opportunities. Has post-secondary education become a bad investment?
  7. Credit & Loans

    What SoFi's Super Bowl Ad Means for Your Next Loan

    Non-bank lender SoFi will air its first TV ad during Super Bowl 50. Here's how it's challenging big banks by providing an alternative approach to loans.
  8. Professionals

    Is A Stockbroker Career For You?

    Becoming a stockbroker requires a broad skill set and the willingness to put in long hours. But the rewards can be enormous.
  9. Fundamental Analysis

    The Evolution of Obamacare Since Its Inception

    Find out whether the Patient Protection and Affordable Care Act, also known as Obamacare, has lived up to its lofty projections from 2010.
  10. Investing Basics

    Economist Guide: 3 Lessons Adam Smith Teaches Us

    Learn three critical lessons about economics from 18th century philosopher Adam Smith, considered by many to be the father of economics.
  1. Who is eligible for student loan forgiveness?

    Your eligibility for student loan forgiveness depends on the type of student loan in question. If you have a federal loan, ... Read Full Answer >>
  2. What's the difference between microeconomics and macroeconomics?

    Microeconomics is generally the study of individuals and business decisions, macroeconomics looks at higher up country and ... Read Full Answer >>
  3. Can FHA loans be used for condos?

    A borrower can obtain Federal Housing Administration (FHA) loans to finance the purchase of a condominium as long as the ... Read Full Answer >>
  4. Can I get dental insurance with Medicare?

    Medicare does not offer dental insurance that will cover dental care and medical supplies, such as cleanings, sealants, extractions, ... Read Full Answer >>
  5. What’s the difference between the two federal student loan programs (FFEL and Direct)?

    The short answer is that one loan program still exists (Federal Direct Loans) and one was ended by the Health Care and Education ... Read Full Answer >>
  6. Who can make catch-up contributions to a Health Savings Account (HSA)?

    An eligible individual who is 55 years or older at the end of his tax year can make additional catch-up contributions to ... Read Full Answer >>
Trading Center