Crisis Point : How Enrollment Management and the Merit-Aid Arms Race Are Derailing Public Higher Education / Stephen Burd.
This report analyzes data from 2001-2017 to examine public four-year universities' spending on financial aid dollars--specifically between non-need-based and need-based aid. Our researcher found that these universities have spent nearly $32 billion of their own financial aid dollars on students...
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| Format: | eBook |
| Language: | English |
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2020.
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| Summary: | This report analyzes data from 2001-2017 to examine public four-year universities' spending on financial aid dollars--specifically between non-need-based and need-based aid. Our researcher found that these universities have spent nearly $32 billion of their own financial aid dollars on students who lack financial need, according to an analysis New America conducted prior. About $2 out of every $5 these public universities provided went to non-needy students--those whom the federal government deems able to afford college without financial aid. For generations, public colleges and universities, with the help of the federal government and states, provided a low-cost higher education to students in their home states. By keeping their prices low, these schools offered students from low-income and moderate-income families a gateway to the middle class. The more public universities engage in these practices, the harder it gets for others to resist for fear of putting themselves at a competitive disadvantage. As a result, schools that provide generous amounts of non-need-based aid cannot rest easy. They have to keep ratcheting up their scholarships or discounts to try to stay ahead of their competition, creating an ever-expanding arms race. Our analysis shows this "merit-aid" arms race at work. |
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| Item Description: | Availability: New America. 740 15th Street NW Suite 900, Washington, DC 20005. Tel: 202-986-2700; Fax: 202-986-3696; Web site: https://www.newamerica.org. Sponsoring Agency: Joyce Foundation. Sponsoring Agency: Bill and Melinda Gates Foundation. Abstractor: As Provided. Educational level discussed: Higher Education. Educational level discussed: Postsecondary Education. |
| Physical Description: | 1 online resource (52 pages) |
| Type of Computer File or Data Note: | Text (Reports, Evaluative) |
| Preferred Citation of Described Materials Note: | New America. |