In his State of the Union address on Tuesday night, President Obama “put colleges and universities on notice.” Find a way to stop tuition from going up, he told them, or risk losing federal aid money. Following up on that charge, Obama put forward a proposal on Friday at the University of Michigan that, if passed, would tie federal campus-based aid programs to tuition policies for the first time in history. Under the plan, the Administration would shift aid away from those colleges that fail to keep tuition down in favor of institutions that “do their fair share” to keep tuition affordable. The plan would achieve this by targeting campus-based aid programs—work-study programs, Perkins loans and supplemental grants for low-income students—which accounted for $3 billion of the $142 billion distributed in federal grants and loans annually. The plan proposed increasing that total to $10 billion next year.

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by Kayla Webley, Time Magazine.

Posted: January 30th, 2012, by: admin. Categories: . Awaiting Comments.