Cut federal grants, loans and tax benefits to “college dropout factories,” “diploma mills” and “engines of inequality,” argues Education Trust in a new report. The “engines” are institutions — including some state universities — that admit few low- and moderate-income students eligible for Pell Grants.
The near-doubling of Pell Grant funding hasn’t decreased borrowing by low-income students, who are supposed to be the beneficiaries. States have cut funding and colleges have raised tuition using federal aid to make up the difference.
Pell Grants help low- and moderate-income students go to college, but graduation rates are low. Should Pell dollars be targeted at college-ready students? That would lower the college-going rate significantly.
A new private scholarship fund will help “dreamers” — undocumented immigrants brought here as children — attend low-cost colleges to pursue work-oriented degrees.
Student retention has improved for “ASAP” students at New York City community colleges. The program requires students to enroll full-time and accept “intrusive” advising. But many nontraditional students can’t drop everything to go full-time.
President Obama’s college plan should include 45 million peanut-butter sandwiches a week for Pell Grant recipients, argues a community college professor.
A House education subcommittee heard proposals for reforming Pell Grants.
Income-based repayment gives the largest subsidies to borrowers who go to graduate or professional school and people in “public service” jobs. One in four jobs qualifies as “public service,” but working for a for-profit company is a disqualifier.
Disbursing student aid in smaller amounts every two weeks, “Aid Like a Paycheck,” encourages low-income college students to work harder in school and manage money better, a new study shows.
At a Hamilton Project forum today, participants presented new ideas for redesigning Pell Grants, income-based loan repayment and college cost calculators.
“Skill-based credentials,” such as digital badges, offer a cheaper, more flexible route to a better job for adults who can’t afford the traditional college path.
The cost of Pell Grants for low- and moderate-income college students increased by 158 percent, adjusted for inflation, in five years.
President Obama proposes rating colleges on tuition, student loan debt, graduation rates and graduates’ earnings so students can shop for the best value. Eventually, Congress will be asked to reward higher-performing colleges with larger Pell Grants and lower-cost loans for their students.
College costs will continue to rise, predicts an economist.