New Report: Recommendations for Reforming Federal Student Aid
Posted by on September 29, 2008
Policy experts blast ‘piecemeal’ student-aid system
A group of policy experts convened by the College Board has called for a sweeping overhaul of the federal financial-aid system for college students, the Christian Science Monitor reports. Describing current programs as “piecemeal” and “rickety,” the group says in a report that the system’s complexity discourages students from low- and moderate-income families from seeking financial assistance. The experts also urge the government to add incentives for institutions to retain such students and to help them complete college. The federal government distributed more than $86 billion in grants, loans, tax benefits, and other student aid in the 2006-07 academic year. Changes to the current system would require Congressional approval.
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