BoiJen
Posts: 2608
Joined: 3/7/2007 Status: offline
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Last year, when the Federal Pell Grant was increased almost every college across the national increased it's cost of tuition. Argosy was no different. This year, and for the next 4 years, the Federal Pell Grant will increase by about $400 a year. The reason this increase occurs is to help students afford college and take out less in loans...not to create an ever increasing tuition cost for students. The grant subsidizes the cost of college for middle to low income students and families. When the Pell Grant first came into effect it covered about 77 percent of college costs. That was thirty years ago. Now the Pell Grant covers only about 35 percent of college costs. This system of student aid is being abused by most colleges every where to the detriment of students and their ability to find affordable education. The Pell grant,as it stands, would generally only cover one or two community college classes a semester. That rate is less than half time for students seeking a four year degree, which invalidates a student's ability to apply for federal tax credits associated with getting higher education (the Lifetime Learning credit and the American Opportunity credit for example). (http://www.cbsnews.com/stories/2010/03/25/eveningnews/main6333459.shtml?tag=cbsnewsTwoColUpperPromoArea) In many cases, there is no way to approach the decision makers of such actions by students at a school. And, frankly, what choice do students have? They either go to college and get a degree to aid in getting a job or getting a better paying job or they face maybe getting a minimum wage job...and in a country where minimum wage doesn't pay the bills or keep people above the country's poverty level, it's a trap. The other problem faced by students is apathy. If you're reading this and you choose not to contact your financial adviser and ask to speak to someone in an effort to prevent an increase in tuition, then it's on you when there's $70,000 racked up in student loans at the end of your education. If you are a student or parent of a student or know someone who is, I urge you all, contact your advisers today. Be preemptive in handling your financial futures. Do NOT allow yourselves to be forced to suck up another tuition increase. Write, call, email. Do something to stop an institutionalized abuse of government funds, YOUR TAX MONEY, meant to make getting an education easier for you. Sincerely, Jen Laws
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