Recommend a policy change that should be included in the upcoming Executive Budg

Question

Recommend a policy change that should be included in the upcoming Executive Budget that will be presented next month Over the past few weeks, we have talked about the following subject areas- Education, Transportation, Health & Human Services, and Economic Development. In each of these classes, you have been presented with the theory of the funding approaches, along with the some of the fundamental issues that impact or can explain some of the future problems which wil need to be addressed. Policy Chosen: The State of Higher Education Financing (1) rising costs and impact on student debt You will describe the issue you are trying to address, and provide a critical analysis of the problem. You should then propose a solution, which needs to be supported. Every proposal will have "winners" and "losers" so your discussion should include you're reasoning that the pros outweigh the cons It should be between 2 pages

Explanation / Answer

The national student financial aid schemes in their entirety are approximately 200 billion dollars per year in magnitude . However, they are strikingly dysfunctional. They have led to a fall in the proportion of current graduates coming from the bottom-most quartile of the income distribution. A more useful idea is to simplify to only 2 programs: a pupil loan scheme & a voucher-type grant substituting the Pell Grant. These latter would be different from Pell Grants in following ways- firstly, they would be given only for genuinely poor / near-destitute persons . Secondly, they would be disbursed directly to pupils in the way of a voucher utilizable at any certified school, instead of being transferred to the institutions of higher education to be managed by their financial assistance offices. Thirdly, certain minimal however actual performance criteria would be enacted .These grants would be student-focused & targeted firmly to lowest income pupils. Loan programs would also be reorganized & restricted to the poorest students. Perhaps loans should be privately disbursed instead of being directly disbursed by the government, along with certain state loan guarantee

Related Questions

Navigate

• Browse (All)
• Browse R
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.