Report
A Framework for Reforming Federal Graduate Student Aid Policy
| Title: | A Framework for Reforming Federal Graduate Student Aid Policy |
|---|---|
| Authors: | Beth Akers, Nathan Arnold, Zakiya Smith Ellis, Jasmine Jett, Bethany Little, Tiara Moultrie, Robert Shireman, American Enterprise Institute (AEI), EducationCounsel LLC, The Century Foundation |
| Source: | American Enterprise Institute. 2023. |
| Abstract: | The American Enterprise Institute, EducationCounsel, and The Century Foundation undertook a joint process to examine--across ideological lines--the nature of the existing system that finances graduate education, including its benefits and downsides, and to design a framework that should guide the improvement of federal policy regarding graduate student financing. This report aims to outline policy options that address the burden on students, particularly the disproportionate burden facing students of color, and the growing cost of the graduate loan programs for taxpayers. The shared goal of this process was improved outcomes for students and better value for taxpayers. Analysis and discussion of different policy options led to the conclusion that any politically viable and effective approach must address five different dimensions of the problem through the following set of policy levers: (1) set reasonable loan limits; (2) award grant aid to students and institutions to address equity and social good considerations; (3) ensure sufficient value and return on investment for students and taxpayers; (4) enhance the regulatory structure and consumer protections for private lending; and (5) improve data disclosure and transparency. |
| Language: | English |
| Availability: | American Enterprise Institute. 1150 Seventeenth Street NW, Washington, DC 20036. Tel: 202-862-5800; Fax: 202-862-7177; Web site: http://www.aei.org |
| Peer Reviewed: | N |
| Page Count: | 33 |
| Publication Date: | 2023 |
| Document Type: | Reports - Descriptive |
| Education Level: | Higher Education Postsecondary Education |
| Descriptors: | Graduate Students, Federal Aid, Student Loan Programs, Educational Policy, Educational Change, Educational Finance, Minority Group Students, Outcomes of Education, Equal Education, Private Financial Support, Taxes, Graduate Study |
| Abstractor: | ERIC |
| Entry Date: | 2024 |
| Accession Number: | ED638752 |
| Database: | ERIC |
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