Use of non-need-based aid in pursuit of tuition revenue and prestige is driving up the cost of college for low-income families, New America Foundation report finds.
A new report on rethinking financial aid calls for splitting the main federal need-based-aid program in two, with one grant for adult students and another for traditional-age students.
Submitted by Kevin Kiley on March 26, 2013 - 3:00am
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Vanderbilt has seen average student debt decline due to “singular focus” on fund raising for need-based financial aid, a potential model for other universities. Hopkins has taken similar approach.
After a slew of complaints about federal and private loan processing and collection, Consumer Financial Protection Bureau seeks oversight of the largest servicers.
Policy change in Iowa reflects increased public skepticism about using tuition revenue for financial aid. Will such shifts end an unfair burden on middle-class students or abandon low-income students?
Submitted by Kevin Kiley on October 30, 2012 - 3:00am
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Facing financial constraints and public pressure over students’ debt, some colleges move away from need-blind admissions -- which are often costly to the institution and students -- in favor of reducing "gapping."
Submitted by Kevin Kiley on October 1, 2012 - 3:00am
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Grinnell College, one of the wealthiest liberal arts colleges, says its current financial aid policy is unsustainable, raising questions for other need-blind institutions.