Preview

Federal Aid

Powerful Essays
Open Document
Open Document
2267 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Federal Aid
Federal and State Government Aid Effective with High Education

In today’s Society the cost to earn a college education has increased over the years. With the competition and job market parents are stressing the importance of college with their children. The real problem at hand is that many families cannot afford to send their children to college. This problem is not only a factor in young adults but in many adults who have tried to make it in the world. Even though this underlying factor may have been stressed at the early stages of development, many may have chosen to have ignored it and taken the easy way out. Who will aid with funding State or Federal Government? Many students consider money an issue when choosing a college. Education should be the major focus, however many have to settle for what they can afford. In often cases this will sway one’s decision towards community college, state college or prestigious University. These circumstances may not be the best answer, because this can have a negative impact on their performance on their studies. Although many consider funding a major reason in the decision, financial aid or student loans may only be temporary fixes. The Federal and State Government are given annual budget allocation specifically to aid students with education to receive higher education in order progress in life. States differ from funding resources to distributing them to students. Although, students have the ability to receive funding from their state this will not restrict them from applying from federal funding. Both federal and states government have important roles and regulations to follow to met specific guidelines to meet the needs of the college students.
The Role of the State Government The State has the primarily responsibility to assist with education funding to include higher education. There are key factors involved with the process of budget which included the participants, and



References: Centre for Educational Research and Innovation, Organisation for Economic Co-Operation and Development (2004, 2004). Internalionalisation and Trade in Higer Education Opportunities And Challenges. Retrieved 11 Oct 2008, from http://books.google.com/books?id=YgqQERUM2OwC&pg=PA306&lpg=PA306&dq=U.S.+Federal+and+State+Government+Commitments+With+Higher+Education&source=web&ots=2jkwGpWtR4&sig=vG85q1VIZBjx9rCg-HHei40jpBk&hl=en&sa=X&oi=book_result&resnum=2&ct=result#PPP1,M1 Layzell, D. T., & Lyddon, J. W. (1992, 2003-2005). Budgeting for Higher Education at the State Level: Enigma, Paradox, and Ritual. ERIC Digest. Retrieved 8 October, 2008, from http://www.ericdigests.org/pre-9219/higher.htm Lingenfelter, P. E. (2008, 14 April 2008). State Support for Higer Education. Retrieved 9 Oct 2008, from http://www.sheeo.org/about/paulpres/AGB%202-2008%20%20State%20support%20for%20higher%20education.pdf Mungovan, P. M. (2005, June 2005). The Role of the U.S. Federal Government in the Student Loan Industry. Retrieved 6 October 2008, from http://dspace.mit.edu/bit/handle/1721.1/33550/63201542.63201542 National Association of Independent College and Universities (2008, 2008). Together We Can "The Shared Fiscal Responsiblity of Higher Education in the U.S.". Retrieved 8 October 2008, from http://www.naicuse.net/ New America Foundation (2008, 01 October 2008). History of Federal Family Education Loans and Direct Student Loans. Retrieved 06 October 08, from http://www.newamerica.net/programs/education_policy/student_loan_watch/history Online Education Database (2006, Wed 18th of October 2006). Financial Aid: 33 Ways to Get Money for College. Retrieved October 5, 2008, from http://oedb.org/library/financial-aid/hacking-financial-aid U.S. Department of Education (2008, 04 February 2008). The Federal Role in Education. Retrieved 05 October 2008, from http://www.ed.gov/about/overview/fed/role.html University of Minnesota Duluth (2003, Jan 15, 2003). Work Study. Retrieved October 03, 08, from http://www.d.umn.edu/fareg/employment_Work_

You May Also Find These Documents Helpful

  • Satisfactory Essays

    There can be no denying the importance of a college education for countless individuals. However, that is not to say that decisions regarding where to apply, which major to choose and how the degree program will be financed are simple ones. By heeding the tips found above, it is possible to simplify the process a bit and gain a bit of helpful perspective.…

    • 468 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    New systems and policies have been instituted by the State Higher Education Executive Officers to make college access and success a national priority. These policies include: Targeting low-income and first-generation students, “overhauling the notoriously complex financial aid system” (627), and developing new information systems. Low-income and first-generation students are statistically the least likely to succeed in college and complete their degree study programs. People who fall into this category are targeted by allocating greater public resources to community colleges and regional four-year institutions, while also providing need-based financial aid. The financial aid system is obviously complex and difficult to understand. One way to create ease of access to this program is to allow data for the Free Application for Federal Student Aid directly transferable from the federal income tax form. Pell Grants should also be slated to students’ basic living needs and not tuition to highlight the responsibility of the states and colleges to provide grants for tuition to low-income students and moderate tuition and fees based on students’ financial status. As for the development of the information system, it better tracks students’ progress and determines whether they are at risk of dropping out.…

    • 1246 Words
    • 5 Pages
    Better Essays
  • Better Essays

    Everyone who wants to go to college is often faced with the same fact, how will I pay? Students often go with the options of taking loans, after much consideration and research, research sometimes based on essays written by authors. Even though Carey and Wilson both address the debt college could put someone in. Wilson provides a more convincing argument due to the fact that he gives more information on statistics of student loans, more information about loans, and an unbiased opinion.…

    • 781 Words
    • 4 Pages
    Better Essays
  • Satisfactory Essays

    Brimley, V. R., Jr., Verstegen, D. A., & Garfield, R. R. (2012). Financing education in a climate of change (11th ed.). Boston, MA: Pearson.…

    • 273 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    Socratic Seminar

    • 1082 Words
    • 4 Pages

    “Because of the economic conditions of recent years, many parents are unable to afford the high cost of college tuition for their children”…

    • 1082 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Yudof, Mark. Exploring A New Role For Federal Government In Higher Education. Web. 28 Nov. 2012.…

    • 1584 Words
    • 7 Pages
    Better Essays
  • Best Essays

    First of all it will examine the general discrepancy in tuition between the United States and some other countries. Therefore I want to compare the general tuition cost at different universities worldwide. The following section will investigate in what way the life of the students and/or the parents may be affected by having to make financial and personal sacrifices to be able to pay for the tuition. In conclusion I will raise the question to what extent a country’s government is responsible to educate its population. Should post-secondary education be made more affordable, and how could this be accomplished?…

    • 1988 Words
    • 4 Pages
    Best Essays
  • Best Essays

    Dionne, I. L., & Kean, T. (1998) Breaking the Social Contract: The Fiscal Crisis in Higher Education.…

    • 4044 Words
    • 17 Pages
    Best Essays
  • Good Essays

    Financial Aid, one of the many factors that get put into helping a student decides what university they want to go to. Student financial aid in the United States is a form of funding that helps students pay certain fees needed in order to get a second education.…

    • 885 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Rick Melnick is an Associate Director of Financial Management at Harvard Business School (HBS). He had decision to make regarding the new funding policy under the management of Student Educational Loan Fund (SELF). SELF was established in 1961 to fund loans to HBS. Traditionally, HBS student loans required the borrower to pay semi-annually with variable interest rate policy. Under the new plan, the students would receive monthly paid plus fixed-rate interest. With this new plan the management believed that it will reduce the rate of delinquency among the students.…

    • 1403 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    For many, the financial burdens of college are too overwhelming. Often students will plan the finances for only the first year or the first semester, but they will not look ahead to how they are paying for the rest. Some students are fortunate to have family to pay for their college, but that is not the…

    • 511 Words
    • 2 Pages
    Good Essays
  • Better Essays

    Higher Education

    • 1033 Words
    • 5 Pages

    Most higher education traditions started to be concerned about their financial problems due to economic recession. Their main source of revenue has been hurt by the downturn, and that those universities would need to make hard decisions about how to spend their money. In some states, a lot of institutions are in process of fund-raising programs to avoid delaying their supported campus building projects. Many of higher education university’s leaders have been considering and solving of two following questions: How is the economic downturn affecting institutions both public and private? What strategies are leaders implementing to guide their institutions?…

    • 1033 Words
    • 5 Pages
    Better Essays
  • Good Essays

    yessir

    • 644 Words
    • 2 Pages

    Federal Student Aid an Office of the U.S. Department of Education. (2014). Deferment and forbearance. Retrieved from http://www.studentaid.ed.gov/repay-loans/deferment-forbearance#am-i-eligible-for-a-loan-deferment…

    • 644 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Chapter 15: Need for financial assistance to needy students for pursuing Higher Education. Chapter 16: Financial requirements.…

    • 40036 Words
    • 161 Pages
    Powerful Essays
  • Better Essays

    Higher education

    • 2314 Words
    • 10 Pages

    Ma, J (2012). Trends in Tuition and Fees, Enrollment, and State Appropriations for Higher Education by State. New York: College Board Advocacy & Policy Center…

    • 2314 Words
    • 10 Pages
    Better Essays