
Financial Aid in the News
Congress Shows Colleges They're Not Off The Hook On Accountability (The Chronicle of Higher Education)
"Even as Congress was beating back the Education Department, it was writing legislation packed with new requirements for colleges to document their performance," The Chronicle of Higher Education reports. "The bill to reauthorize the Higher Education Act, which President Bush signed in August, will double colleges' reporting requirements, making them disclose considerably more information about their graduation rates, grant aid, and - perhaps most significantly - the success of their teacher-training programs. The new law also includes other provisions that require all colleges to report the average amount of grant aid that they award students and the average "net price" (sticker price minus financial aid) for students receiving federal financial aid. In addition, the law requires colleges to report separate, 'disaggregated' graduation rates for students who receive federal student aid and those who don't, along with employment outcomes for all students."
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