"The Experimental Sites Initiative, a national student financial aid program, is slated to be dissolved by the end of June," The News Record reports. "Introduced in the 1995-96 academic year, the program aims to diversify ways for higher education establishments to disperse aid by relaxing certain academic requirements so educational institutions have more leeway in implementing alternative funding methods. ... Dismantling the program would not only reinstate restraints on some schools, it would also deprive every higher education establishment in the United States of the potential to save money, according to Philip R. Day Jr., the president and CEO of the National Association of Student Financial Aid and Administrators.."