To the Point
Student Aid and College Failure
As the gap grows between the rich and the poor in America's evolving economy, financial aid for college is supposed to be a great equalizer, but it's not working out that way. While 70 percent of wealthiest students graduate, just 26 percent of the poorest make it, even with $226 billion in aid for the academically qualified.
By Warren Olney • • 1 min readAs the gap grows between the rich and the poor in America's evolving economy, financial aid for college is supposed to be a great equalizer, but it's not working out that way. While 70 percent of wealthiest students graduate, just 26 percent of the poorest make it, even with $226 billion in aid for the academically qualified. Dropouts are left with tens of thousands of dollars in student-loan debt, but without diplomas to get good jobs to help pay it off. Is it time to reform student aid so it helps improve future prospects instead of making them worse?
