Education Funding Report Roundup

Affording College

By Caralee J. Adams — January 15, 2013 1 min read
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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 system 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.

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A version of this article appeared in the January 16, 2013 edition of Education Week as Affording College

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