"President Donald J. Trump signed an executive order Thursday that aims to create a new channel of approval for apprenticeships. He is calling on Congress to commit $100 million in new money to the initiative, and expand the allowable uses of student financial aid so students can use the support for 'earn while you learn' programs," according to Education Week's High School & Beyond blog.
"... Currently, federal student aid can be used only in programs eligible under federal law: an institution of higher education, a proprietary institution of higher education, or a postsecondary vocational institution, according to Karen McCarthy, the director of policy analysis for the National Association of Student Financial Aid Administrators.
Programs must lead to an associate, bachelor's, professional, or graduate degree, last for at least two years and provide full credit toward a bachelor's degree, or last at least one academic year and culminate in a certificate or other 'nondegree recognized credential' that 'prepares students for gainful employment in a recognized occupation.'
Expanding the use of federal student aid beyond that legal definition 'would be a major shift in how the program operates, and would need Congressional action,' McCarthy wrote in an email.
The idea could face opposition, especially in the wake of revelations about for-profit colleges that accepted federal financial aid and left their graduates unable to earn enough to pay off huge student debts.
The White House officials emphasized that the president's apprenticeship program isn't a dig at university education. Rather, it's about choice: offering multiple pathways to education and good jobs."
NASFAA's "Headlines" 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: 6/19/2017