"Reinventing Financial Aid" presents innovations designed to improve grant and loan programs and the processes by which students can access them. Pushing past current debates, it also challenges leaders to think more boldly about policy design, examine the assumptions and incentives in the current system, and lay the groundwork for a fundamental rethinking of student aid programs.
The ratings system must make sure colleges are not rewarded for the students that they enroll, but for the education that they provide. Also, it is much easier for colleges to change the students that they enroll than it is to change the quality of education that they provide.
Democrats face an uphill battle in their quest to hold the Senate in November. In their effort to get an edge, they've targeted one group in particular: college-educated voters with student-loan debt. Democratic plans to help student-loan borrowers have been a key talking point on the campaign trail this year, and sit at the center of the party's "Fair Shot" agenda.
As long as we continue to define “the best colleges” as those that enroll the best students–as opposed to those that teach their students the most or deliver the best return on investment–rankings competition will do little to expand educational opportunity.
Paul Ryan’s 73-page blueprint for expanding opportunity is chock full of ideas for higher education and job training reform. And rightfully so: opportunities for high school grads have shriveled up, but the cost of postsecondary education is crushing American families. The standard federal solution—upping student aid to temporarily bring prices down—is failing.