Democrats’ bill would deny extra aid to for-profit students
Justin Draeger, president of the National Association of Student Financial Aid Administrators, said in a statement that the organization was concerned that the increase in the Pell Grant would be limited to certain schools, saying it “would add new complexity to a financial aid system on the verge of a much-needed simplification. He added that concerns about quality and accountability in the for-profit sector should be addressed through regulatory changes to the law on higher education; such changes are currently underway at the Ministry of Education.
Stacey Nottingham, director of the Pima campus in Phoenix, where Ms Kern attends, said she hoped the 68% of her roughly 700 students who are recipients of Pell scholarships would not be penalized for past mistakes from other institutions. “We get the impression that private colleges are not good stewards of taxpayers’ money, when we are held to the same, if not higher, standards as other higher education institutions,” Ms Nottingham said.
According to the latest federal data, the average cost of Pima’s largest program is $ 18,715, and students graduate with a median debt of $ 7,600 to $ 9,500. Two years after the start of repayment, 34 percent of borrowers are making progress in repaying their loans, 19 percent are not, and 9 percent are in default or have overdue accounts. The average income of its graduates is $ 20,000 to $ 29,000.
Ms Kern, who works at Kohl’s, while also working on campus as part of the federal co-op program, said she struggled to see how Congress was acting in its best interests. Soon, she will be starting an operating room clerkship and will no longer be able to do other jobs, making the Pell scholarship crucial.
“That $ 550 may not seem like a lot to a lot of people, but it’s less money I have to worry about on my student loan and less worrying about what we have to eat,” he said. she declared. “Life is hard enough as it already is. Why would they want to make it harder for those of us who want to improve our lives, just based on the schools we choose? “