Kudos to Common Sense Thinking in Financial Aid

untitledIn today’s edition of Inside Higher Ed Justin Draeger, President and CEO of the National Association of Student Financial Aid Administrators, highlighted three very basic, common sense approaches that could increase access to, continuous enrollment and, ultimately, success in college. These three suggestions are so down-to-earth and logical that they just might work!

The use of prior-prior year tax returns makes much sense and could mediate timing issues that are so often the headache of students, parents and financial aid advisors alike.

An early “Pell notification” in the 9th grade would give parents and students some idea of what funds will likely be available for them when they enter college, and would likely reduce the “sticker shock” that often convinces students early on that college is out of their reach.

Lastly, the “Pell Well” of funds advocated by Draeger may be the most difficult to implement but would incentivize continuous enrollment and hopefully timely graduation.

Kudos to Mr. Draeger!

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