Higher Education Act
Higher Education Act: INCREASING AFFORDABILITY?
Lawmakers have recently reauthorized the Higher Education Act, is an attempt to increase enrollment rates by improving the affordability of a college education through raising financial aid eligibility to in need students. Over the last four years this rise in the federal budget for student financial aid has inflated the cost of a college education to an all time high. Due to these increases in student loan availability, not only has the student debt rate been at an all time high, but graduation rate has been at an all time low. This Higher Education Act gives institutions too much flexibility to vary their course fees causing an ever rising cost for a college degree. And in the last five years that the Higher Education Act program has been enacted there has been no actual increase in the maximum Pell Grant amount, instead it has been spreading out more of the Educational Budget to a larger amount of students. And this reauthorization......
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