"When Megan Kern decided she wanted to enroll in Pima Medical Institute, in Phoenix last year, its tax status was the furthest thing from her mind," The New York Times reports.
..."That choice may now come at a cost. Ms. Kern is one of about 900,000 low-income students attending for-profit colleges who get federal Pell Grants and could lose out on a $550 increase that House Democrats have proposed in the latest version of the social spending and climate package making its way through Congress. In a little-noticed provision, lawmakers have stipulated that the increase proposed for the grants, the largest federal aid program for low-income students, can only be used at public and private nonprofit colleges and universities, covering about five million students."
..."Justin Draeger, the president of the National Association of Student Financial Aid Administrators, said in a statement that the organization was concerned to see the Pell Grant increase limited to certain schools, saying it would add new complexity to a financial-aid system on the verge of much-needed simplification.' He added that concerns about quality and accountability in the for-profit sector should be addressed through regulatory changes to the Higher Education Act; such changes are currently underway at the Education Department."
NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.
Publication Date: 11/12/2021