ERIC Number: ED591099
Record Type: Non-Journal
Publication Date: 2017-Oct
Pages: 6
Abstractor: ERIC
ISBN: N/A
ISSN: N/A
EISSN: N/A
Programs That Pay for College at Risk
Jackson, Victoria
Policy Matters Ohio
For many people in the United States, college paves the way to the middle class. Programs like Pell Grants and government backed loans help students afford a college degree. These programs help young Americans gain the skills they need to get a good job. But too many Ohioans struggle to afford college and pay back student loans. The Trump administration's budget proposal and the resolution passed by the House Budget Committee dismantle key college access and affordability programs. Both proposals slash Pell Grants, the most important source of need-based aid for students. The proposals also cut interest-free loans for undergraduate students in school, and eliminate some debt relief programs. These programs ensure that college is attainable for low- and middle-income Ohioans. Every year hundreds of thousands of working-class students attending Ohio public and private universities use these programs to make college more affordable. Ohio is one of the worst states in the nation in student debt burden. These cuts will force Ohioans to take on even more debt to get a degree--making our communities and economies less competitive. The House Budget Resolution sets Congressional funding priorities for the next 10 years. It calls for massive giveaways to the wealthy and corporations and deep cuts to programs that pay for college. Members of the Budget Committee voted to slash $236 billion in mandatory education spending. They targeted programs that help the most people afford college: Pell Grants, subsidized loans, income-based repayment plans, and public service loan forgiveness. This report examines the programs and makes recommendations how Congressional representatives can protect student financial aid and debt relief programs. [Additional support for this report by The Raymond John Wean Foundation, Saint Luke's Foundation, and Fowler Family Foundation.]
Descriptors: Paying for College, Federal Aid, Grants, Undergraduate Students, Student Financial Aid, Debt (Financial), Politics of Education, Loan Repayment, Retrenchment
Policy Matters Ohio. 3631 Perkins Avenue Suite 4C East, Cleveland, OH 44114. Tel: 216-361-9801; Fax: 216-361-9817; Web site: http://policymattersohio.org
Publication Type: Reports - Evaluative
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: Center on Budget and Policy Priorities
Authoring Institution: Policy Matters Ohio
Identifiers - Location: Ohio
Identifiers - Laws, Policies, & Programs: Pell Grant Program
Grant or Contract Numbers: N/A