The Institute for College Access and Success put out a fact sheet yesterday examining the challenges that many community college students face when it comes to financing their education. Most importantly, TICAS find that community college students have higher levels of unmet need—the gap between available resources, including financial aid, and the cost of education—than public and private four year students. Here are a few quick graphs made from the data:

Note: These chart reflects the percentage of students who have documented financial need, not all students. In case you were wondering what portion of all students at the different kind of schools had documented financial need:

These numbers further underscore the importance of passing President Obama’s plan to cut wasteful subsidies to banks, and use the estimated $94 billion in savings to expand the Pell grant program. The President’s plan also includes provisions to expand and reform the Perkins loan program.

The administration estimates that it will give 2.7 million students access to the program each year, and better target the program, which disproportionally benefits students at prestigious and wealthy institutions rather than community colleges. The downside of the proposal is that it would allow interest to accrue on the loans while a student is still in school, which it currently does not.