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Pell Grant Advantages

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The meaning of the Pell grant is to help economically disadvantaged students received a higher education by reducing the burden of the tuition and fee costs, and thereby, increase college participation. However, these good intentions of the Pell grant have caused one profound and unplanned consequence; which is the contribution to growing tuition cost for public and private colleges and universities. Supply and demand are the basic concepts of economics, so it’s no surprise that the increasing demand for higher education brought on by the Pell grant will have the consequence of rising tuition. More importantly, though, when Pell grants are used to pay for college, students are not as concerned with the cost as they would be if they were paying from their own pocket. As a result, the law of demand …show more content…

The goal of the tuition cap is to streamline the education financial process, rather than taking it away. Tuition caps should not create artificially low prices in the education market, but there needs to be extra pressure on colleges to contain costs; which there’s not right now. Requiring colleges to stay under the cap can help control the increasing prices of education, as the continual receival of federal funding and tax exemptions can be used as an incentive for those colleges who comply. Furthermore, tuition and fees have grown more than twice the rate of inflation each year (Wolfram, 2005). If colleges and universities choose to increase tuition cost more than the CPI, not only should they lose federal funding and tax exemptions, but also it should be mandatory for them to use money from their endowments to fully fund grants for students on financial aid; instead of the federal government increasing the Pell grant each award year to make up that extra

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Everyone Benefits… The rising tide lifts all ships”, coined Senator Claiborne Pell, who was instrumental in the argument and negotiation process for the Pell Grant (Feinberg & Katz, 2014). The positive impact of The Pell Grant has been shared by institutions, who have benefitted from increased enrollment, and low-income families alike. According to Singell, Wadell, and Curs (2004) the Federal Government implemented the Pell Grant Program in 1972, and since its inception, it has been the single largest provider of need-based aid in the United States (p. 2).

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Formally known as the Basic Educational Opportunity Grant Program, the Federal Grant Program is considered the gateway to financial and higher educational opportunities for low-income students. It is a federal grant for undergraduate students who demonstrate financial need. The program was created in 1972 and was later renamed in 1980 after United States Senate Claiborne Pell who proposed the program. Signed into law by President Richard Nixon, The Federal Pell Grant is the first direct, post-secondary education program and is the largest federal need-based grant program for undergraduate college students. Compared to other outlets of financial aid that students receive such as federal loans, private bank loans, work study, SEOG, federal parent

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When it comes to the topic of allowing prison inmates to receive state funded Pell Grants, one would have to weigh out the pros and cons. Many would say that one of the major cons is if we start permitting these prisoners to receive the same funding as an individual not in prison, then it would be unfair. Taking it a step further, wouldn’t the state be taking said Pell Grants from those who rightfully deserve the grant? Understandably, prisoners do deserve an education, but there are online courses or packets from accredited schools that they could utilize. Most likely the majority of prisoners that desire to attend college will never be released from prison.

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In an analysis of 1999-2000 bachelor’s recipients a study showed that many Pell Grant recipients had one of several undergraduate risk characteristics than non-recipients. These risk factors being certain characteristics that led to not completing a bachelor’s degree (Figure 1-1). The data shows that with the Pell Grant and it’s limitations, students, especially lower class students can’t get the full potential of the program and fail even with help from it. In fact it showed that 40% of lower class students don’t even get selected for the grant. Another analysis also shows that the there is the grant is given to those that my not be benefiting from it the way the government wanted it too.

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Journalist Sophie Quinton discusses how college expenses are constantly rising, though many states are now reducing instate tuition in her recent article, “States Move to Curb Rising College Tuition. Quinton informs readers that colleges are not only cutting college tuition, but freezing it. As a result student loans are soaring nationally, and schools are forced to become more efficient. Student loans are then causing debt, that later affects a students’ life in numerous ways. College students today, tend to lean towards nicer looking colleges, rather than a higher education.

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Chen and Wierderspan begin the journal exploring the declining amount of grants and loans in the total aid given to undergraduate students. This decline of grants and loans has increased the demand for students to borrow money. Increasing student loan debt calls for examination about the quality of life and economic stability for students after college. The amount of student debt is explored in alliance to college graduates ' earnings where policy factors like grants not being able to keep up with the rising prices of colleges and the increase of college graduates obtaining part-time jobs. Ethnicity differences are also considered in the variation of student debt among students.

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However, the privilege of obtaining an education is becoming increasingly difficult to finance which ironically leaves some college students with the decision to choose between pursuing their dreams or having a meal on a consistent basis. The general perception of students who attend college is that since they are able to afford to further their education, they are inherently privileged and inevitably categorized as part of the affluent demographic within our nation. In contrast, Frank Eltman of the Huffington Post expressed that the majority of students enrolled in a university are ineligible for food stamps despite suffering from food insecurity. Eltman also capitalizes on the statistic that the tuition for public universities has increased an inordinate amount of twenty seven percent in the last five years. However, tuition is not the only expense that students are expected to finance.

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If the states are spending less money on their own colleges, why should the average American have to spend money on those same colleges? Even though college tuition is raised every year to attract students by improving facilities, to make it more affordable for everyone, tuition should be lowered, an alternative to loans should be implicated, and colleges should recognize that the average 18 year old American cannot afford full tuition.

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However, it is still an issue for students to cough up that money. The idea of making community college free to any student in America has been a dream for low income students for a while. President Obama’s desire to make the tuition of community college to everyone in the nation would only make it difficult for students to get a free education, limit them to essential resources, and discourage students from applying to four year universities. Granting free community college tuition to incoming freshmen will draw “more students to already crowded community colleges”. Along with the overcrowded campuses, a very long waiting list will soon form making it just as competitive to get into a four year university.

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“One reason graduate school debt has grown is that students have nearly unlimited borrowing capability from federal programs — with few credit checks or examinations of ability to repay…” (The Washington Post). Students use the loans unknowing what pay they will get from their future job. By setting a student loan cap, students would take less of a risk with coming back from

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Would it make the tuition go up for all students? Could this lead to more people not going to school? Why give them more money if the school will only need to take it back? Will paying college athletes really help them? A lot of people say they do not go to college because of how much it cost.

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College student debt has reached over $1.3 trillion dollars. A question that is asked in society today is, is college really worth it? College tuition is continuing to rise as years go by and students are simply just not attending college due to it. Little do they know, there are ways around paying so much for college tuition. There are multiple ways students can lower their tuition so that they are able to have a successful career which include applying for grants,getting a higher degree, and staying in college.

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The cost for colleges must go down so students will not be

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There is many people that go to college, but because of the cost they don't get through college. The elevated costs of college cause not only students to struggle paying for college, but also to struggle financially paying for college when they are done. In many cases, after graduating, young adults who don’t find a job will become poorer, increasing the gap between the rich and the

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Some college students are working part-time jobs and are full-time students. Perhaps, working through college will not always cover all of a student's education expenses including books, supplies, room and board. If free tuition is given, students will have further time to educate themselves. Moreover, college tuition and prices are at an all-time high. Each year, prices are rising higher and higher.

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