Tag: Pell Grants
To fit the needs of a 21st century economy and student population, the Pell Grant program needs fundamental reform requiring significant congressional action, these authors argue. They recommend establishing support with tailored guidance and services, simplifying eligibility and application, and offering incentives to students to increase completion rates. (Hamilton Project). Put Hamilton Project in your search engine to find report.
The Institute for College Access & Success (TICAS) today issued a white paper calling for major changes to the way federal student aid is applied for, allocated, delivered, and communicated, as well as to how colleges are held accountable for the taxpayer funding they receive.
Federal grants, loans, and tax benefits help millions of students and families pay for college every year. TICAS’ in-depth analysis of available data and recent research found strong evidence that financial aid can and does increase college enrollment and completion. It also identified many aspects of current federal policy that must change to narrow persistent and growing income gaps in enrollment and outcomes. Aligning the Means and the Ends: How to Improve Federal Student Aid and Increase College Access & Success was developed with support from the Bill & Melinda Gates Foundation’s Reimagining Aid Design and Delivery project.
“When it works as it should, financial aid enables all students willing to study hard to go to college and get a quality credential without burdensome debt,” said TICAS president Lauren Asher. “Federal aid can and must do more to keep college within reach for all students and families.”
Ed Money Watch
The Congressional Budget Office this week released updated cost projections for the Pell Grant program – and the estimates show an unexpected surplus over the past several years. The figures are much awaited because they dictate the appropriations needed to keep the program running as is.