Winners and Losers in Work-Study Plan
he work-study formula has long been criticized for unfairly favoring elite private colleges in the Northeast. Under the PROSPER Act — as House Republicans have deemed their bill — those are the institutions that would lose out the most on funding, according to an analysis by the American Council on Education. The new formula would distribute funding in some surprising ways, however… for-profits would see the most new funding as a sector (a $71.8 million increase in the sector’s annual allocation six years after the new formula takes effect) and the largest average increase in awards per college ($188,000). However, the biggest losers under the new formula would include some large public institutions that enroll large numbers of low-income students… like University of California, Los Angeles…
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by Andrew Kreighbaum, Inside Higher Ed.