National College Access Network Suggests Overhaul of Federal Student Aid

December 5, 2012

The federal student-aid system is ill equipped to function in a world of growing budget deficits, low college-completion rates, and increasing ranks of students who rely on aid.That’s the premise of a white paper released on Wednesday by the National College Access Network, the latest in a line of papers suggesting changes in the system. The paper, the organization’s contribution to the Reimagining Aid Design and Delivery project, financed by the Bill & Melinda Gates Foundation, suggests overhauling the system to focus on low-income students and to encourage college completion.