Admissions Academy Blog

Meeting the Needs of the Needy

•  Posted by Kathy Chi on March 5th, 2009 in Articles of Interest
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College costs have long been on the rise, and in the midst of today’s difficult economic times, it is no surprise that families feel intimidated by their ability to afford a higher education. Faced with diminished endowments and reduced budgets, schools are under pressure as well.

However, there is hope. President Obama is moving forward with plans that involve significant improvements in federal aid programs, including more funds for Pell Grants, expanded work-study, and bigger tax credits. Furthermore, the Federal Family Education Loan Program might soon be replaced by direct federal student-lending, which should provide greater stability and reliability for both students and educational institutions.

But what about the here and now? Higher education could become more accessible than ever in the future, yet some families are in need of immediate relief. Fortunately, most colleges have already started taking steps to ensure that financial aid for current college-bound students will remain intact.

It is hard to predict what will happen as the recession continues, but the commitment to meeting students’ financial needs should remain unchanged.

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