"With state funding waning, public institutions have been moving from a low tuition/high subsidy model of education to a high tuition/high financial aid model," Margaret Andrews writes for Inside Higher Ed's StratEDgy blog. "So now many public institutions are admitting more 'full pay' students -- those from other states and international students. The speakers argued for setting tuition closer to the actual cost of educating a student, decreasing or eliminating the out-of-state tuition differential, charging higher tuitions for international students and for high-demand majors, and offering a subsidy to low-income students. Impediments to change: There are many impediments, one of the most difficult being the culture of cross-subsidization, where high-demand, high-income programs and departments offset shortfalls in lower-demand, lower-income programs and departments. According to the presenters, this type of culture preserves all programs, regardless of demand."
NASFAA's "Financial Aid in the News" section highlights media coverage of financial aid to help members stay up to date with the latest news. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.
Publication Date: 5/7/2012