Showing posts with label student financial aid. Show all posts
Showing posts with label student financial aid. Show all posts
Wednesday, April 6, 2011
Pell Grants as Costly and ‘Harmful’ Welfare?
Diverse Issues in Higher Education by Dr. Ibram Rogers, April 6, 2011 As American politicians and educators continue to slice and dice away at higher education resources and programs using the hollow, yet sharp knives of austerity, the future of a diverse academy increasingly looks bleak and dreary. The widely used justification — the need to cut costs and reduce the national deficit — seems so difficult to conceptualize each time I look at military expenditures, each time I hear about another country the United States has bombed. From the standpoint of diversity, the reformers of exclusion have peeled away at the surface of many of the programs, funding lines and initiatives in higher education that the reformers of inclusion instituted over the course of the 20th century, climaxing in the 1960s and 1970s. Full Story: http://diverseeducation.com/blogpost/342/pell-grants-as-costly-and-harmful-welfare.html
Tuesday, April 27, 2010
The Deepest in Debt
Inside Higher Ed
April 27, 2010
There's a subtle debate unfolding among financial aid experts and advocates for students about just how much student loan debt is too much. While some recent studies have declared a crisis in student borrowing, citing the growing number of student borrowers and the amounts they owe, the College Board, in a report released Monday, seeks to reframe the discussion by focusing on those deepest in debt.
It's not that the authors of the College Board report, Sandy Baum and Patricia Steele, don't think there's a major problem with student loan debt; they do, and their report, "Who Borrows Most? Bachelor's Degree Recipients With High Levels of Student Debt," offers plenty of troubling data. But in an era where grant money is usually insufficient to meet ever-rising tuition costs, it's not borrowing per se that's the problem, they argue; it's the amount and types of loans that are likeliest to land borrowers in significant financial trouble. ..
And while Steele warns against paying too much attention to breakdowns by race, because some of the sample sizes are small, data in the report do suggest that black graduates are likelier than students of other races to accumulate high debt totals (27 percent vs. 16 percent for white students, 14 percent for Hispanic/Latino students, and 9 percent for Asian students).
Full Story: http://www.insidehighered.com/news/2010/04/27/debt
Full College Board Report: http://advocacy.collegeboard.org/sites/default/files/Trends-Who-Borrows-Most-Brief.pdf
April 27, 2010
There's a subtle debate unfolding among financial aid experts and advocates for students about just how much student loan debt is too much. While some recent studies have declared a crisis in student borrowing, citing the growing number of student borrowers and the amounts they owe, the College Board, in a report released Monday, seeks to reframe the discussion by focusing on those deepest in debt.
It's not that the authors of the College Board report, Sandy Baum and Patricia Steele, don't think there's a major problem with student loan debt; they do, and their report, "Who Borrows Most? Bachelor's Degree Recipients With High Levels of Student Debt," offers plenty of troubling data. But in an era where grant money is usually insufficient to meet ever-rising tuition costs, it's not borrowing per se that's the problem, they argue; it's the amount and types of loans that are likeliest to land borrowers in significant financial trouble. ..
And while Steele warns against paying too much attention to breakdowns by race, because some of the sample sizes are small, data in the report do suggest that black graduates are likelier than students of other races to accumulate high debt totals (27 percent vs. 16 percent for white students, 14 percent for Hispanic/Latino students, and 9 percent for Asian students).
Full Story: http://www.insidehighered.com/news/2010/04/27/debt
Full College Board Report: http://advocacy.collegeboard.org/sites/default/files/Trends-Who-Borrows-Most-Brief.pdf
Thursday, January 14, 2010
Flagships Increase Aid for the Poorest Students, but Not Enough, Report Says
The Chronicle of Higher Education
January 14, 2010
By Beckie Supiano
Public flagship universities are failing to enroll enough low-income or underrepresented-minority students while directing much of their financial aid toward wealthier students, according to a report released Wednesday by the Education Trust.
The report, "Opportunity Adrift: Our Flagship Universities Are Straying From Their Public Mission," is a follow-up to "Engines of Inequality: Diminishing Equity in the Nation's Premier Public Universities," which the research and advocacy group released in 2006.
The new report looks at the distribution of financial aid to full-time, dependent undergraduates at public research-extensive universities, a category that includes but is not limited to the public flagships. Among students who received grants from their colleges, students in the bottom income quintile (in 2007, that would include families making $30,200 or less) were given an average of $4,910 in 2007, compared with $3,982 in 2003 ( measured in 2007 dollars), an increase of 23 percent. Students in the top income group received $4,158 compared with $4,342 in 2003, a decrease of 4 percent.
Despite making gains in institutional aid, the poorest students had an average of $10,445 in unmet need after all college, state, and federal grants were taken into account. The students would have to come up with that money through the Federal Work Study program, other work, and loans. The wealthiest group of students did not, on average, need any grant aid to cover the cost of college at these universities, but still received average grants of $2,025 from all sources.
Full Story: http://chronicle.com/article/Flagships-Increase-Aid-for-the/63516/?sid=at&utm_source=at&utm_medium=en
January 14, 2010
By Beckie Supiano
Public flagship universities are failing to enroll enough low-income or underrepresented-minority students while directing much of their financial aid toward wealthier students, according to a report released Wednesday by the Education Trust.
The report, "Opportunity Adrift: Our Flagship Universities Are Straying From Their Public Mission," is a follow-up to "Engines of Inequality: Diminishing Equity in the Nation's Premier Public Universities," which the research and advocacy group released in 2006.
The new report looks at the distribution of financial aid to full-time, dependent undergraduates at public research-extensive universities, a category that includes but is not limited to the public flagships. Among students who received grants from their colleges, students in the bottom income quintile (in 2007, that would include families making $30,200 or less) were given an average of $4,910 in 2007, compared with $3,982 in 2003 ( measured in 2007 dollars), an increase of 23 percent. Students in the top income group received $4,158 compared with $4,342 in 2003, a decrease of 4 percent.
Despite making gains in institutional aid, the poorest students had an average of $10,445 in unmet need after all college, state, and federal grants were taken into account. The students would have to come up with that money through the Federal Work Study program, other work, and loans. The wealthiest group of students did not, on average, need any grant aid to cover the cost of college at these universities, but still received average grants of $2,025 from all sources.
Full Story: http://chronicle.com/article/Flagships-Increase-Aid-for-the/63516/?sid=at&utm_source=at&utm_medium=en
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