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Podcast Series: Innovations in Education
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Cheaper student loans, but shortage of college grants likely in 2011 and 2012
According to U.S. News & World Report, although the federal government will hand out billions of dollars more in college grants in 2011 and 2012 than ever before, the nation’s financial aid programs as a whole are not keeping up with rising tuition, government officials and financial aid analysts say. That means for millions of America’s working and middle class families, “college is going to become less affordable,” warns Mark Kantrowitz, publisher and founder of Finaid.org and the scholarship search site Fastweb.com. The widening gap between college costs and financial resources is forcing a growing number of students into one of three bad choices, says Faith Sandler, executive director of the Scholarship Foundation of St. Louis. More students are choosing cheaper colleges that, she says, often “don’t match their capabilities.” Too many other students “borrow too, too much.” Those who can’t stomach either of those options may give up on college altogether, she fears……Read More