Dear colleges, we need your help too! Sincerely, Students of America.

23 Oct

In a previous post, I focused on the role of the federal government in higher education and supported my position approving more regulation of educational institutions.  While I support greater involvement on the federal government’s part in making higher education more accessible, I also believe it is the job of colleges and universities to make paying for college a simpler process. Paying for college has become a rather confusing process for college students and their families as the difference between loans and grants is often not understood.  A grant, such as one from the Pell Grant Program, is funding for college given to a student that does not have to be repaid. A loan, provided by the government or banks, must be repaid by the student. With about 60% of the 20 million students attending college in America borrowing each year to pay for college, I feel that colleges and universities should provide a way for students to be as informed as possible about their payment options when choosing an institution. Therefore, I support the creation and distribution of the Financial Aid Shopping Sheet by all higher education institutions in America. In July of this year the U.S. Secretary of Education, Arne Duncan, sent a letter to college presidents nationwide asking them to adopt the shopping sheet. The shopping sheet for each college will provide students with a better understanding of the total cost of college, costs covered by loans and grants, and financial aid the student may be eligible for.  Currently, 478 institutions have adopted the use of the shopping sheet, serving 12.6% of the total undergraduate population.  With the number of institutions using the shopping sheet continuing to grow, students “shopping” for college will have a wide variety of sheets to compare.  The adoption of the shopping sheet is a step in the right direction for college involvement in making higher education more accessible.

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3 Responses to “Dear colleges, we need your help too! Sincerely, Students of America.”

  1. immigrationstation2012 October 23, 2012 at 8:42 pm #

    I completely agree with your statement that it’s becoming harder to figure out just how much colleges will actually cost. Financial aid websites are a maze that are kinda hard to navigate. I also like the idea of the Financial Aid Shopping Sheet, and I think that it will help college-bound students make financially smart decisions.

    • mixedupmind October 25, 2012 at 2:47 am #

      Thank you for your feedback. I’m glad to hear you also support the adoption of the Financial Aid Shopping Sheet by colleges across America. Do you speak from experience in navigating financial aid websites? If so, would you mind sharing with me in what ways the Financial Aid Shopping Sheet would’ve been helpful to you in looking for ways to pay for college?

  2. thetexasranger October 25, 2012 at 6:08 pm #

    Why do you think that most colleges have not accepted the shopping sheet? Is it that it costs extra or proves detrimental to the revenue the college brings in or something else? It seems like a noble and effective idea.

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