Should All Students Be Able to Borrow? Maybe Not, Says One Group

"When the Bill & Melinda Gates Foundation asked 16 organizations to "reimagine" the financial-aid system, one grant recipient saw an opportunity. The National Association of Student Financial Aid Administrators wanted to be bold, to raise controversial questions," The Chronicle of Higher Education reports. "The association, known as Nasfaa, released a white paper on Wednesday, exploring, among other things, whether all students should have access to education loans. The Gates Foundation's project, Reimagining Aid Design and Delivery, has signaled an emerging consensus among many advocacy and policy groups on some ideas: providing better consumer information, for example, and automatically placing borrowers in income-based repayment. Nasfaa, an association of practitioners, echoed some of those points, but also proposed riskier ones. To really reimagine the system, the group said, it wanted to tackle, not just tinker with, what it sees as big problems. "Anytime we talk about substantive change," said Craig D. Munier, Nasfaa's national chair elect, "there's bound to be the perception, sometimes real and sometimes not, of winners and losers."

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Publication Date: 2/13/2013

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