ERIC Number: ED483848
Record Type: Non-Journal
Publication Date: 2004-Apr-15
Is Money an Impediment to a College Education? Recent Findings from the Congressional Budget Office. Executive Memorandum. No. 922
Johnson, Kirk A.
This document discusses issues relating to recent findings from the Congressional Budget Office relating to the cost of a college education. A groundbreaking new study from the Congressional Budget Office (CBO) sheds some light on issues of college affordability and accessibility. The January 2004 study, entitled "Private and Public Contributions to Financing College Education," tackles the following questions: (1) What do parents and students actually pay for higher education after utilizing financial aid (public and private) and other subsidies? and (2) Do low-income students pay more, in percentage terms, than their more affluent peers? According to the Congressional Budget Office, current federal and state financial aid programs allow most low-income students to finance their college education. The document also points out that the CBO also concluded that financing is "not a major obstacle to college attendance." It concludes that in light of this CBO report, Congress should resist the urge to simply expand the size of subsidies when reauthorizing the Higher Education Act. Instead, Congress should eliminate fraud from currently enacted student aid programs to help ensure that they are adequately funded.
Descriptors: Financial Support, Higher Education, Low Income Groups, College Attendance, Paying for College, Grants, Federal Aid, Student Financial Aid, Educational Policy, Access to Education
The Heritage Foundation, Domestic Policy Studies Department, 214 Massachusetts Ave., NE, Washington, D.C. 20002?4999. Tel: 202-546-4400; Web site: http://www.heritage.org.
Publication Type: Reports - General
Education Level: N/A
Authoring Institution: Heritage Foundation, Washington, DC.