Federal Policy
HEA's purpose
What is help make college more affordable for students and families?
One way promise programs are funded by states
What is tax revenues, interest earnings, endowments, foundations, and lottery revenues?
Define Net Costs
What is amount a student owes/price of college after grant aid and estimated family contribution are applied?
The increase of average PN4I institutions from 23-24 to 24-25
What is 2.7%?
Ways Institutions tackle food insecurity
What is open on site food pantries and provide dining hall vouchers?
Most common types of Federal Aid
What is Institutional grants, Pell grants, and Federal loans?
Most common types of State Institutional Aid
What is need-based grant aid & work study?
Material Conditions that impact affordability
What is
working while in college, low savings, increased cost of living, food insecurity, housing insecurity...?
The percent decrease in Federal Aid from 13-14 to 24-25
What is 23%?
Ways Institutions increase transparency
What is
messaging on true costs (published vs. net), prepare HS students for the real costs involved, adequate cost of living data on their website for the area, articulation agreements that prevent credit loss if transferring...?
IDR stands for
What is Income dependent repayment?
Intent of Promise Programs
What is earn free post-secondary education and get jobs in the local area?
Term used to describe a decline in low- and middle-class incomes
What is financial precarity?
The percent of 2012 degree recipients graduating with debt
What is 69%?
One way institutions can combat housing insecurity
What is provide temporary housing, emergency grants that students can apply for to cover medical expenses, car breaking down, and other basic needs?
Overall, federal student aid is increasing (T/F)
What is false?
2023-2024 AY undergrad/grad's aid decreased 23% since 2013-2014 AY (inflation-adjusted)
One way states can increase completion outcomes
What is enact policy to increase Institutional Accountability?
This helps determine college affordability over the long run
What is the value of the education?
The average debt that 82% of degree recipients graduating from for-profit programs
What is $40,877?
Efficient messaging builds trust (T/F)
What is true?
FAFSA's goal
What is determine how to distribute financial aid for college to students?
BONUS: Name of Grant Aid in Texas
What is Texas Grant Match?
Access to college creates equal outcomes (T/F)
What is false?
access does not necessarily grant equal experiences and outcomes for all students and since higher education attainment is tied to labor market outcomes & unaffordability shapes not only access and success in college but also whether students will carry large loan debts afterward
The index change that Conroy (2021) advocates for
What is negative EFC?
Institutional staff can do this to eliminate barriers to financial information
What is provide a Barriers to Information: Intervention Presentation