Federal Student Aid Funding

Paper Summary:

This paper discusses the federal student aid funding that is made available by the US Department of Education each year in the form of loans, grants and campus-based aid. It discusses the implications of this aid and then looks at previous cuts in funding for the aid, the reasons behind these cuts and student responses to these cuts.

From the Paper:

" Student activists also protested against federal cuts to education. The 35th District Assembly with representatives from Upward Bound, California Interest Research Group, Associated Students and the University of California Students Association raised their voice to oppose the $12-million cut to financial aid programs and the increase in student loan interest rates (Tidwell 2006). They investigated the reauthorization of the Higher Education Act and found that it eliminated diversity in the campus. The Upward Bound director said that they helped low-income and first-generation students but the cuts would cancel their assistance to financially disadvantaged students. The UCSB financial aid office representative said that the government was taking funding from student programs and redistributing some of the money into entirely new grant programs, focusing on science and math. One of the programs was the National Science and Mathematics Access to Retain Talent or SMART. They interpreted the new trend as the government's struggle to adapt with world changes in math and sciences with new programs, such as SMART. They identified recent immigration and national security concerns as propelling the changes and the subsequent cuts. Smart students got financial aid for majoring in math, science or a critical foreign language, such as Chinese and Arabic. The main eligibility requirement was US citizenship but not non-US citizenship eligibility. But these protesters claimed that eliminating tried and true methods would be wasteful and cost a lot of people to lose their jobs (Tidwell)."

Sample of Sources Used:

• Clinton, P. (2002). The student aid conundrum. University Business: 4 pages. Professional Media Group LLC
• Darling, B. B. (2005). Hearing testimony. 5 pages. California Senate Subcommittee on Higher Education. Retrieved January 26, 2007 from http://www.ucop.edu/uersvp/speeches/Speier_Hearing_Nov_9_2005.pdf
• Dervarics, C. (2006). Congress approves cuts to student loan programs. 1 page. Diverse Issues on Higher Education : Cox, Matthews and Associates
• ---------------- (2003). Bush budget has controversy, but few gains. 5 pages. Black Issues on Higher Education: Cox, Matthews and Associates.
• Guerard, E. (2005). How Pell changes will affect your students. 4 pages University Business: Professional Media Group LLC

More papers on Federal Student Aid Funding:

• Argumentative Essay # 97119 : "Financial Aid for International Students"
• Research Paper # 112253 : "Student Loan Impacts On New College Graduates"
• Comparison Essay # 142493 : "Two State Funding Model Comparisons"

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