With Financial Aid, Colleges Should Be Accountable to Taxpayers and Students, Paper Argues

February 12, 2013

The gap in college attainment between children of high- and low-income families casts a shadow over both our national economy and the American dream. Improving the financial-aid system won't close that gap, but could certainly narrow it. Those are the premises of a white paper released on Tuesday by the Institute for College Access & Success. The paper, "Aligning the Means and the Ends: How to Improve Federal Student Aid and Increase College Access and Success," is the group's contribution to the Reimagining Aid Design and Delivery project, sponsored by the Bill & Melinda Gates Foundation. Ideas from the project's 16 grant recipients have been trickling out since late last year, offering up a host of options for fixing a system most everyone says is broken.