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Articles: Financial Aid

Gary A. Olson is president of Daemen College in New York.

Like all of the free tuition plans proposed to date, New York Gov. Andrew Cuomo’s plan in its present form will have unintended consequences that could be devastating to the state’s economy.

14 percent of students started their postsecondary education in a community college, then transferred to a four-year school and earned a bachelor’s degree within six years of entry.

solidarity—About 300 students participated in an Amherst College protest against President Trump’s proposed policies regarding undocumented immigrants. (Takudzwa Tapfuma for The Amherst Student)

President Donald Trump has made immigration reform a centerpiece of his young administration. New policies include banning travelers from seven Muslim-majority countries from entering the U.S., and a plan to deport millions of undocumented immigrants.

Paul Drayton, president of Rowan College at Burlington County in New Jersey, says higher education remains far too expensive for many students who are most dependent on it for career success.

“College is more important than ever for career success, yet too expensive for far too many students. 3+1 provides all the benefits of both community colleges and four-year universities while lowering the tuition and debt burden on students and increasing our capacity to serve more students at both community colleges and universities. This is the future model of college affordability.”

Jim Scannell is senior consultant for enrollment management for Ruffalo Noel Levitz. He is the former president of Scannell & Kurz.

As demographic, economic and market volatility continue to challenge higher ed’s ability to enroll a sufficient number of students able to take advantage of the educational opportunities available, understanding and advancing your institution’s value proposition should be at the top of the to-do agenda.

Recent regulations from the Department of Education improve protection for student borrowers targeted by misleading or predatory practices, and establish a clear path for loan forgiveness in instances of institutional fraud or misconduct—an issue financial aid experts say will impact both for-profits and nonprofits.

A student loan that goes into default costs 250 percent more than a loan paid back on schedule. (Gettyimages.com: wildpixel)

Some advocacy groups see student loan debt as not just a financial problem, but a growing social justice concern, as well. Now, some 40 civil rights, legal aid and public interest are urging the Department of Education to determine whether debt disproportionately impacts minorities.

Bill Berg is an enrollment management consultant at Ruffalo Noel Levitz.

By 2015, the number of law school applicants declined by 46 percent from a 2004 peak, a result of a shrinking job market and “offshoring” of some legal work. Most law schools were forced to change the way they recruited, admitted, awarded and enrolled students to respond to the drop.

Skill-building—Former coal industry workers may find them-selves at the University of Wyoming researching how to use water byproducts from oil and gas wells.

Universities are creating scholarships and entrepreneurial opportunities to help the unemployed and underemployed gain footing in an ever-greening economy.

A bipartisan bill intended to improve college access and graduation rates would impose college-loan program penalties on institutions that perform poorly in these areas. In turn, schools that do enroll a significant number of low-income students would be eligible for up to $8 million over five years.

Former Ivy Tech president Tom Snyder's Snyder’s book, "The Community College Solution," portrays community colleges as the true pathway to the American dream.

Former Ivy Tech president Tom Snyder's Snyder’s book, The Community College Solution, portrays community colleges as the true pathway to the American dream. But more important, it is a pathway not burdened by overwhelming debt.

Mike Krause lead Tennessee's Drive to 55 initiative to increase the percentage of state residents with a postsecondary degree or certificate.

Mike Krause has been appointed executive director of the Tennessee Higher Education Commission by Gov. Bill Haslam.

Krause now spearheads the state’s Focus On College and Student Success (FOCUS) Act. Krause served as executive director of Drive to 55, the state’s initiative to increase the percentage of state residents with a postsecondary degree or certificate. He also managed the launch of the Tennessee Promise scholarship and mentoring program.

Free tuition is the linchpin of a Democratic higher ed platform that many observers describe as more comprehensive than the plans touted by Donald Trump and the Republican Party (Click to enlarge)

Free tuition anchors Hillary Clinton's higher ed platform while Donald Trump wants banks to handle student loans. In a survey, UB readers showed little enthusiasm for either proposal.

Need-based financial aid was supposed to give everyone an opportunity to get into college and better their lives and career prospects. Nearly half of the public, four-year colleges studied in a new report leave the most financially needy students on the hook for more than $10,000 of debt per school year.

Jeffrey R. Docking is the president of Adrian College in Michigan and the author of "Crisis in Higher Education: A Plan To Save Small Liberal Arts Colleges in America."

Sometimes, well-known propositions lead to predictable conclusions. But not always. Occasionally, they lead to surprises—and even busted myths. Here’s one: Wealthy, private institutions willing to invest large endowments in financial aid for poorer students do the best job of expanding access to higher education.

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