Reply to Financial aid and student loan upheaval in reconciliation bill impact

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Am I missing something?  Most of the decent schools promise that they meet full demonstrated need and most only require no, or only a small student loan,  in that need calculation package.  For example:

Amherst: meets full need, no loans
BC: meets full need, no loans
BU: meets full need, max $5,500 loan
Emory: meets full need, no loan
Georgetown: meets full need, no max on loans
George Washington: does not meet full need
Johns Hopkins: meets full need, no loan
Northeastern: meets full need, max $5k loan
Northwestern: meets full need, no loan
Richmond: meets full need, max $6000 loan
Tufts: meets full need, max $2,000 loan
Villanova: does not meet full need
Wake Forest: meets full need, max $20,500 loan
Williams College: meets full need, no loans[/quote]

This is usually for lower income.  Those making $200-800k+ who didn't save are going to struggle.[/quote]

Nah, we won’t struggle, we’ll accelerate the trend toward state and merit-granting schools. The rich families can keep the rich-kid schools afloat on their own, just like they do for rich-kid K-12 schools. [/quote]

Let's be real, even if I concede that that this provision is designed to help students and families (which seems doubtful, given this Congress and Administration), it is equally designed to punish the higher ed system.  As are the cuts to grant funding.  As are the taxes being imposed.  And it is a system - this is going to have impacts on higher ed for all our students.  Can meet full need or general merit offers ("discounts") stay steady across higher education as budgets decrease?  How would schools be able to continue this?

Sure, more families will turn to state schools, but these schools are dealing with the same challenges PLUS state governments are reducing funding due to current or anticipated state budget shortfalls (also caused in large part by this Administration).  Our state school already decided to increase tuition due to budget issues.

Cost is not going to go down, it will be going up even as quality goes down.  Please don't kid yourself.  I agree with the need to reform the system as student loans are an albatross but is the goal here really reform in terms of supporting affordability for all students?  I cant see that.  Like most things this Administration does, the result is going to be chaos and will impact most all students in one way or another.[/quote]

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