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ERIC Number: ED509543
Record Type: Non-Journal
Publication Date: 2008
Pages: 6
Abstractor: ERIC
Reference Count: N/A
ISBN: N/A
ISSN: N/A
Early Commitment of Financial Aid: Individual Development Accounts (IDAs) for Higher Education. A College Readiness Issue Brief
TERi (The Education Resources Institute, Inc)
The education pipeline in the United States will not produce enough college graduates to stay competitive in the global economy unless current trends are reversed (Callan, Ewell, Finney, & Jones, 2007). The fastest-growing populations--generally low-income and often from racial or ethnic minority groups--do not have the aspirations, academic preparation, or means to successfully pursue higher education. They leave high school, enroll in college, and complete postsecondary credentials at substantially lower rates than upper income and White students. Such trends illustrate the urgent need for policymakers to examine education policies aimed at improving college access and success. Various policies at the federal and state levels foster increased college-going among under-represented groups. They include need-based financial aid, college access programs such as TRIO and GEAR UP, and early financial aid commitment programs such as Indiana's 21st Century Scholars and the Wisconsin Covenant programs. Yet, existing policies alone are not sufficient to reverse the downward trends in the education pipeline. New, innovative strategies need to be developed and scaled. This brief examines a relatively new initiative--Individual Development Accounts (IDAs)--that could be added to current policies and bundled in existing programs to assist low-income populations with managing college costs. (Contains 7 endnotes.)
Pathways to College Network. Available from: Institute for Higher Education Policy. 1320 19th Street NW Suite 400, Washington, DC 20036. Tel: 202-861-8223; Fax: 202-861-9307; e-mail: institute@ihep.org; Web site: http://www.pathwaystocollege.net
Publication Type: Reports - Evaluative
Education Level: Higher Education
Audience: Policymakers
Language: English
Sponsor: Lumina Foundation for Education
Authoring Institution: Education Resources Institute, Pathways to College Network
Identifiers - Location: Indiana; United States; Wisconsin