Download or read book Redesigning the Financial Aid System written by Robert B. Archibald and published by JHU Press. This book was released on 2002-12-13 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: Archibald argues that one of the problems with the current model - in which universities are responsible for the majority of grants, while the federal government provides student loans - is that a student cannot know the final price of attending a given institution until after he or she has applied, been accepted, and received a financial aid offer. As a result, students remain largely uninformed about the cost of their college educations until very late in the decision-making process, and thus have difficulty making a timely choice. In addition, financial aid information is kept private, creating confusion over the price of a college education and the role of financial aid.
Download or read book Redesigning the Financial Aid System written by Robert B. Archibald and published by JHU Press. This book was released on 2003-05-22 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the cost of higher education continues to rise, students and their families find it increasingly difficult to navigate the financial aid maze. In Redesigning the Financial Aid System, economist Robert Archibald examines the history of the system and its current flaws, and he makes a radical proposal for changing the structure of the system. Archibald argues that one of the problems with the current model—in which universities are responsible for the majority of grants while the federal government provides student loans—is that a student cannot know the final price of attending a given institution until after he or she has applied, been accepted, and received a financial aid offer. As a result, students remain largely uninformed about the cost of their college educations until very late in the decision-making process and so have difficulty making a timely choice. In addition, financial aid information is kept private, creating confusion over the price of a college education and the role of financial aid. Under Archibald's proposed reforms, the federal government would assess a student's financial need and provide need-based grants, while institutions would be responsible for guaranteeing student loans. Not only would this new system demystify financial aid and allow students to be better informed about the cost of college earlier in the process, but it would greatly simplify the application procedure and prevent financial aid allocation from contributing to the problem of rising tuition costs. Archibald's clear explanation of the current system—its impact, strengths, and weaknesses—as well as his plans for reform, will be of interest to educators, administrators, students, and parents.
Download or read book Early Often written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Redesigning the Financial Aid System written by Robert B. Archibald and published by JHU Press. This book was released on 2002-12-13 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: Archibald argues that one of the problems with the current model - in which universities are responsible for the majority of grants, while the federal government provides student loans - is that a student cannot know the final price of attending a given institution until after he or she has applied, been accepted, and received a financial aid offer. As a result, students remain largely uninformed about the cost of their college educations until very late in the decision-making process, and thus have difficulty making a timely choice. In addition, financial aid information is kept private, creating confusion over the price of a college education and the role of financial aid.
Download or read book Early Often written by Advisory Committee on Student Financial Assistance and published by . This book was released on 2008 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt: Students and parents need ample time and accurate information to prepare for the financial burden of a college education--those who lack this knowledge base face a significant access barrier to higher education. The early intervention community is calling for a method of delivering age-appropriate information in a timely manner as one means of rectifying an access divide that grows wider each year. This report presents a systematic way to develop an early information delivery program and describes how a program can integrate a method of delivering financial aid information into an existing intervention. The full length report provides a complete, high-level structure of that system enabling practitioners to implement the specific approach most appropriate for their target population and intervention. This abridged version highlights the most important elements in the report leaving out the details that explain the research supporting the findings guiding our recommendations. The abridged version also excludes program examples that exemplify the recommendations. This document is meant as a quick reference guide directing the reader to the parts of the full report that may prove most useful. Page references to the full report are provided. To assist students and families in making informed choices about the financial decision to attend college, three questions must be addressed: (1) What information do students need to know?; (2) How can that information best be delivered?; and (3) When is the most appropriate time to deliver the information? The report is a complete resource on early financial aid information and seeks a wide audience, including curriculum developers, policymakers, college advisors, and the early intervention community. By adapting the framework, guidelines, and unit plans to suit the needs of a program's target population, practitioners may use the resources in this report to develop a financial aid information system uniquely geared to the needs of their own students. [For the full report, "Early & Often: Designing a Comprehensive System of Financial Aid Information. A Report of the Advisory Committee on Student Financial Assistance," see ED529501.].
Download or read book Reengineering college student financial aid written by and published by Hoover Press. This book was released on with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Redesigning State Financial Aid written by Sarah Pingel and published by . This book was released on 2015 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: Several factors create a challenging environment for individuals seeking financial support to complete a postsecondary degree program. In recognition of the challenges of paying for higher education, decision-makers at the federal and state levels support college-going with public policy. Through direct institutional allocations, need and merit-based financial aid programs, and the provision of student loans, government policy has provided access to funds to reduce the price of participating in postsecondary education for many individuals. This is particularly true at the state level. This article presents four principles for state aid redesign that seek to guide state aid policy formation: (1) Financial aid programs should be student centered; (2) Financial aid programs should be goal driven and data informed; (3) Financial aid programs should be timely and flexible; and (4) Financial aid programs should be broadly inclusive of all students' educational pathways. ?Separately, each of the principles addresses a specific area for states to make incremental policy change. Taken together, they provide the opportunity for states to make fundamental shifts in how state financial aid programs are designed and awarded. This article contains endnotes.
Download or read book Quality in Student Financial Aid Programs written by National Research Council and published by National Academies Press. This book was released on 1993-02-01 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: Federal financial aid for postsecondary education students involves both large expenditures and a complex distribution system. The accuracy of the needs-based award process and the system of accountability required of the 8,000 institutional participants are the focus of this book. It assesses the current measures of system quality and possible alternatives, such as a total quality management approach. The analysis covers steps to eliminate sources of errorâ€"by reducing the complexity of the application form, for example. The volume discusses the potential for a risk-based approach for verification of applicant-supplied information and for audit and program reviews of institutions. This examination of the interrelationships among the aid award and quality control activities will be of interest to anyone searching for a more efficient aid system. The book can also serve as a case study for other government agencies seeking to examine operations using modern quality management principles.
Download or read book Reinventing Financial Aid written by Andrew P. Kelly and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this provocative volume, two experts with very different points of view address the growing concern that student loan programs are not a sustainable solution to the problem of mounting college costs. They argue that the time has come to reform the financial aid system so that it is more effective in promoting college affordability, access, and completion. Reinventing Financial Aid provides a thorough critique of the existing financial aid system and identifies the challenges of reform. It presents a host of innovations designed to improve grant and loan programs and the processes by which students access them. Pushing past current debates, it also challenges leaders to think more boldly about policy design, examine the assumptions and incentives embedded in the current system, and lay the groundwork for a fundamental rethinking of student aid programs. While the editors agree that bold new thinking on financial aid policy is needed, they do not aim for consensus. Instead, they have leveraged their differences to flesh out important tensions, trade-offs, and areas of common ground that emerge from innovative approaches to reform. The result is a volume that serves as a counterpoint to the incremental approach to financial aid reform that has led to record tuition levels, growing student debt, and increasing doubts about the value of a college education.
Download or read book Why Does College Cost So Much written by Robert B. Archibald and published by Oxford University Press. This book was released on 2011 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: College tuition has risen more rapidly than the overall inflation rate for much of the past century. To explain rising college cost, the authors place the higher education industry firmly within the larger economic history of the United States.
Download or read book The New College Financial Aid System written by David Jaffe and published by . This book was released on 1993 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: These are the facts, strategies, and loopholes you'll find it difficult or impossible to learn from the colleges you are applying to. If your family earns between $30,000 and $130,000, and you don't want to cash in your retirement funds or take a second mortgage in order to send your children to college, this book is a necessity. It tells in layman's terms how to get the largest possible amount of financial aid based on your own unique financial situation. You may assume you cannot qualify because your family earns too much or your assets are too great. Chances are you're wrong - you can be a candidate for college aid. Over $23 billion in federal aid is available each year and millions of dollars more are available from American colleges and universities. You don't have to be a hardship case to qualify for significant financial aid for educational purposes. Middle and even upper-middle class families may receive $5,000 - and up to $20,000 - per year if they learn the strategies clearly and definitively outlined in this book. It's all a matter of having the right answers in the right places, and David Jaffe will walk you thorugh the entire process step by step This book has been rushed to press in order that it can include the very important changes which govern financial aid since the recent passage of the amended Higher Education Act
Download or read book State Financial Aid written by Sarah Pingel and published by . This book was released on 2016 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt: College is increasingly expensive for students, but states have an important policy tool to help defray the costs: state financial aid programs. However, many states' programs are misaligned with articulated strategic postsecondary education policy goals. Over the past two years, Education Commission of the States has supported a variety of state-level projects to redesign state financial aid. This report shares lessons learned from each of these efforts. This brief demonstrates that: (1) State aid may be promised to students early, but income criteria at the time of college matriculation may result in the unintended consequence of additional barriers for the very students early promise scholarship programs are designed to serve; (2) College affordability enjoys a disproportionate share of attention from policy leaders. This attention may result in productive policy evolution towards strategic goals or in approaches that suffer from a lack of cohesion and focus; (3) Completely eliminating the cost of college may be a way to reach low-income and other underrepresented student populations, but a student's age should not be the deciding factor in eligibility if states intend to enroll or re-enroll adult students through free college programs; and (4) States should carefully consider how institutional eligibility criteria to participate in state aid programs reflect pathways that are the most promising for students, or to what extent they may employ state financial aid simply as an additional conduit for institutional support.
Download or read book The College Aid Quandary written by Lawrence Gladieux and published by Brookings Institution Press. This book was released on 2011-04-01 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: Each year, millions of American families struggle with the expense of higher education. For the past fifty years, the U.S. government has helped students and families pay for college; but with the entire domestic policy agenda in flux, federal aid to education hangs in the balance. This book analyzes government policies for helping students pay for education beyond high school. It is being published at a time when aid to education is a prominent issue in battles over the federal budget and policymakers are debating the need for and effectiveness of federal student assistance programs. Starting with the post-World War II GI Bill, the book reviews the 50-year history of federal student aid legislation, assesses the results, and identifies trends and problems that cloud the future of this critically important national effort. The authors draw on the thinking of the country's top experts in examining the rationale and structure of the student aid system and how it might more effectively expand college opportunities while ensuring educational quality. Their analysis encourages policymakers to consider the multiple objectives of government aid—not just getting more students into college, but promoting student success and degree completion. The book offers a framework for future policy debates aimed at improving a system vital to America's economic future and its continued promise of opportunity. Copublished with the College Board / Dialogue on Public Policy
Download or read book Paying the Price written by Sara Goldrick-Rab and published by University of Chicago Press. This book was released on 2016-09-01 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt: A “bracing and well-argued” study of America’s college debt crisis—“necessary reading for anyone concerned about the fate of American higher education” (Kirkus). College is far too expensive for many people today, and the confusing mix of federal, state, institutional, and private financial aid leaves countless students without the resources they need to pay for it. In Paying the Price, education scholar Sara Goldrick-Rab reveals the devastating effect of these shortfalls. Goldrick-Rab examines a study of 3,000 students who used the support of federal aid and Pell Grants to enroll in public colleges and universities in Wisconsin in 2008. Half the students in the study left college without a degree, while less than 20 percent finished within five years. The cause of their problems, time and again, was lack of money. Unable to afford tuition, books, and living expenses, they worked too many hours at outside jobs, dropped classes, took time off to save money, and even went without adequate food or housing. In many heartbreaking cases, they simply left school—not with a degree, but with crippling debt. Goldrick-Rab combines that data with devastating stories of six individual students, whose struggles make clear the human and financial costs of our convoluted financial aid policies. In the final section of the book, Goldrick-Rab offers a range of possible solutions, from technical improvements to the financial aid application process, to a bold, public sector–focused “first degree free” program. "Honestly one of the most exciting books I've read, because [Goldrick-Rab has] solutions. It's a manual that I'd recommend to anyone out there, if you're a parent, if you're a teacher, if you're a student."—Trevor Noah, The Daily Show
Download or read book Aiding Students Buying Students written by Rupert Wilkinson and published by Vanderbilt University Press. This book was released on 2005 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: Wilkinson traces the history of undergraduate financial aid at American colleges and universities; the origins, purposes, and impacts of merit- and need-based aid; the federal government's role; the evolution of elite private institutions; and the current climate and concerns. The concluding chapter lays out how these factors, combined with increasing costs of attending college, impact low-income minority students and how reforms on campuses and in Washington, DC, can better serve higher education and the more disadvantaged students.
Download or read book Redesigning America s Community Colleges written by Thomas R. Bailey and published by Harvard University Press. This book was released on 2015-04-09 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the United States, 1,200 community colleges enroll over ten million students each year—nearly half of the nation’s undergraduates. Yet fewer than 40 percent of entrants complete an undergraduate degree within six years. This fact has put pressure on community colleges to improve academic outcomes for their students. Redesigning America’s Community Colleges is a concise, evidence-based guide for educational leaders whose institutions typically receive short shrift in academic and policy discussions. It makes a compelling case that two-year colleges can substantially increase their rates of student success, if they are willing to rethink the ways in which they organize programs of study, support services, and instruction. Community colleges were originally designed to expand college enrollments at low cost, not to maximize completion of high-quality programs of study. The result was a cafeteria-style model in which students pick courses from a bewildering array of choices, with little guidance. The authors urge administrators and faculty to reject this traditional model in favor of “guided pathways”—clearer, more educationally coherent programs of study that simplify students’ choices without limiting their options and that enable them to complete credentials and advance to further education and the labor market more quickly and at less cost. Distilling a wealth of data amassed from the Community College Research Center (Teachers College, Columbia University), Redesigning America’s Community Colleges offers a fundamental redesign of the way two-year colleges operate, stressing the integration of services and instruction into more clearly structured programs of study that support every student’s goals.
Download or read book Doing More with Less written by Joshua C. Hall and published by Springer Science & Business Media. This book was released on 2010-08-18 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume contains a collection of papers by economists which examine the various strategies for cutting costs and improving productivity in higher education in the United States. The dramatic increase in the cost of attending most colleges and universities in recent years has led to increasing concerns regarding college affordability. In addition, with nearly 35 percent of full-time college students failing to receive a bachelor’s degree within six years of enrolling in an institution of higher education, the productivity of colleges and universities has also been called into question. Systematic reform of higher education has intensified as a result of the large amount of public and private dollars flowing into it. The chapters in this volume, while recognizing it may be the primary source of the problem, also understand that the political forces behind the subsidization of higher education are unlikely to wane. The contributors examine several areas of possible reform from an economic perspective, including financial aid systems, athletics, and the organization of universities and university systems with an emphasis on identifying the types of reforms that are most likely to result in improvements as well as those that may make things worse. This volume will be of interest to economists, education researchers and policymakers concerned with education reform.
