In his article “Tuition Discounting Hits Record High,” Daniel de Vise, from the Washington Post, highlights that the tuition discount rates for college tuition is at a high of 42.4 percent. He suggests that as a result, students and families disregard the price of higher cost schools.
“The president and his advisors have identified education as a place where they plan to “win the future,” and they’re highlighting their fiscal year 2012 spending plan as proof,” claims reporter Julianne Hing. The administration is asking for $77.4 billion altogether in educational funding. Hing argues that Pell grants are in need by students of color; 46 percent of African American undergrads receive them. Because of the recession in the last year the number of students in need of Pell grants has increased $20 billion since 2008. Under Obama’s budget, students with low-income families can receive up to $5,550 for school. Obama has also proposed a ‘year-round Pell grant benefit’ to encourage students to graduate sooner.
Daniel de Vice reminds us that a rising tuition rate for a college is a bad sign because of decreasing revenue. But a recent survey found that, after grant aid, tuition revenue is up 3 percent from 2010.
“This is an indication of the stability of our higher education system,” said John Walda, NACUBO president, in a release.
Articles:
"Hing argues that Pell grants are in need by students of color; 46 percent of African American undergrads receive them." I am confused by this sentence; why would African American students be in "need" of financial aid more than any other student of race? Is this in correlation to the nest sentence : "Because of the recession in the last year the number of students in need of Pell grants has increased $20 billion since 2008." If so I would still like to know why students of color are in more need of Pell grants and how they were affected by the recession.
ReplyDelete