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Affording College

"Making Sense of the System: Financial Aid for the 21st-Century Student"

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A new paper from the Institute for Higher Education Policy outlines more than a dozen federal policy recommendations for improving the financial-aid systemRequires Adobe Acrobat Reader to increase college enrollment and completion.

The nonprofit Washington-based group recommends:

• Using Internal Revenue Service information to communicate potential financial-aid awards so families can plan ahead, similar to a Social Security statement of benefits;

• Creating a system of early financial-aid "accounts" to leverage family savings and public and private resources;

• Matching family college savings for low-income households through public or employer dollars; and

• Making the American Opportunity Tax Credit fully refundable so it can be used by low-income households.

Vol. 32, Issue 17, Page 5

Published in Print: January 16, 2013, as Affording College
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