Shrinking Financial Aid and College Admissions
http://thedianerehmshow.org/shows/2011-09-22/shrinking-financial-aid-and-college-admissions
Finding a way to pay for college is becoming harder at a time when earning a degree is essential to finding a good-paying job. Lower- and middle-class families are especially feeling the squeeze. The purchasing power of Pell grants is down and subsidies for student loans are being cut. Faced with decreased state funding and the pressure to raise their profiles, colleges are fundamentally changing their admissions processes. More enrollment officers say they are seeking out students who can foot the whole bill – some of whom have lower scores than needier applicants. Guest host, Steve Roberts and his guests discuss the implications of shrinking financial aid and college admissions.
Guests
Nina Marks
president of Collegiate Directions Inc.; principal of Marks Education.
Kim Clark
senior writer for "Money" magazine.
Brian Fitzgerald
CEO of Business Higher Education Forum
Victor Sanchez
president of U. S. Student Association. He is a recent graduate of the University of California, Santa Cruz.
Comments
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It is not fair to gang against Monte! He apparently is accepting that the country needs a combination of government and the private sector. This country became big because of the private initiative (and its natural resources) but became great with the government participating in this effort (i.e. after WWII).
I have asked in a previous message that one should calculate how much would it cost a private entity to provide the services that the government provides and how it would levy funds from its customers (Consider, for example, a super-duper Blackwater that would provide all the services the military provides. Would that cost less to the average person than the operation run by the Defense Dept?).
So the issue is to find the correct mix and ways. That requires toning down the political histrionics and the notion that only WE know the truth and let our brains than our gut do the walking.
just to add to the mix- a personal note-
family of origin DIRT poor (two pairs of underwear during the school year) in the mnts of western ME
Fantastic teachers and a desire to learn ( + a push from HS counselor) .
Applied to Bowdoin ( late 1970's); was accepted and given a full 4 year scholarship. My experience at Bowdoin was life altering beyond belief; went on to U. VA for my PhD. From abject poverty to upper middle class in one generation thanks to support from a great college and hard work on my part.
It saddens me that I cannot even come close to paying for a just ONE single SEMESTER for my daughter at my alma mater.
Tuition / books / etc. at Bowdoin is over 50K / yr
Have saved for dau's (2) college for 20 yrs. Youngest has one semester at a public U remaining. We don't qualify for ANY financial aid. I am 55 and unemployed.
I wonder- From abject poverty to upper middle class to abject poverty in two generations?
Where, oh where, is the support for the Middle Class ?
Crazy.