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Making College Affordable
Transcript of Making College Affordable
By Sara Goldrick-Rab
77% of Americans say tuition & fees
should be REDUCED.
59% say states need to pay more.
"Net price" is a convenient distraction--
it's rising while median family income is declining
Students, families, and college presidents AGREE:
College is unaffordable
Money for Nothing
Since Title IV began, states
Grown need-based aid
too programs slowly
Invested in merit aid
Done little to regulate
college costs or promote
the status quo
Since Title IV began, institutions have
Grown increasingly competitive
Equated cost with quality
Use gov't aid to supplant, not supplement their own
We have been TALKING about reforming/reimagining/rethinking financial aid for 45 years -- but always ASSUMING the same thing
Federal aid= student aid
Students have changed too -
fastest growing groups (Southeast Asian, Latinos) don't embrace norms of "debt as a lifestyle" or "expected family contribution"
Back to basics
Reinforce commitment to access & completion
Must "match" for public institutions to get Title IV
Privates, for-profits get Title IV only if public institutions get match
They must provide match too
Only 1/2 match can come from tuition
Uses of Title IV
Increase spending for disadvantaged student support
Limit growth in COA
Growth in risk-adjusted completion rates
Americans support federal investment,
Oppose state disinvestment
Ratio of users/non-users of higher ed shifted dramatically
Distrust of colleges & universities is growing-- for good reason
Invest in them to gain control
While we focus on students, the behaviors of states & institutions go unchecked
How hard will the higher ed lobby fight against a national investment in their institutions?
States are spending LESS
Institutions are spending MORE
Students & families are PAYING
Progress requires fundamental shift -- changing the behaviors of states & schools requires it
If we do not ask the hardest questions, we will never find real and lasting answers