"College degrees have historically been known as a primary path to economic mobility, but when the value of a degree is based on the institution awarding it—and on demographics such as race, gender and income level—the financial feasibility and the return on investment isn’t always guaranteed," Inside Higher Ed reports.

..."The analysis shows that both suggestions would increase the number of institutions that meet the threshold by 95 institutions and 44 institutions, respectively.

'Evidence has demonstrated that one of the best ways to lower the cost of college and expand access for students with financial need is to invest in need-based financial aid programs like the federal Pell Grant,' said Justin Draeger, president and CEO of the National Association of Student Financial Aid Administrators, via email. 'Recalibrating the purchasing power of the Pell Grant by doubling the maximum award would be transformational for hundreds of thousands of college students.'"

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: 6/22/2023