Restoring the Foundation:

1

• Restoring the Foundation
• How the U.S. Federal Student Aid System can
  Return to a Centerpiece of Need-Based Grant Aid
• Baranda J. Fermin
• Community College Research Center at the
• Institute on Education and the Economy
• Teachers College, Columbia University

2
Overview

• Tightening up the Gaps
• The National Tuition Endowment
• Why we need to refocus the operations of the
  federal student aid system
• Eligibility for the National Tuition Endowment
• Including the NTE in serious policy discussions

3
A tension

• How do we provide more grant aid to low-income
  students, while still ensuring that the public is
  able to capitalize on its investment in Human
  capital and not taking money away from other
  necessary federally supported programs?
• A Solution
• By creating a National Tuition Endowment

4
Tightening Up the Gaps
5
Redirecting EfficiencyWhat should be done with
this money?

• Returned to the U.S. Department of Education for
  the Federal Student Aid program
• Use the money to create a National Tuition
  Endowment that would give need-based grant aid to
  students who complete the Free Application for
  Federal Student Aid (FAFSA) and qualify

6
Redirecting EfficiencyWhy should this be a
solution?

• Federal Grant aid is more responsive to student
  need than any other type of student aid
• Tackles the issues of both access and success in
  American Higher Education
• Philosophically in line with the intended purpose
  of student aid we must return to the founding
  principles

7
The National Tuition EndowmentStudent
Eligibility and Goals

• Undergraduate students
• Graduate Students
• Create grant funds that are free of separate
  state and institutional labels of merit and need
  which ultimately hurt low-income students
• Create more grant aid without hurting other
  federal student aid programs

8
Making Policy DecisionsNTE must be a part of
the policy discussion

• This is a crucial time for our nation as a whole
  and many states individually both socially and
  economically
• Healing the HEA from policy drift
• The U.S. is being looked and analyzed globally as
  the double helix of economics and education is
  being realized around the globe

9
Information

• Contacting the Presenters
• Pamela Burdman
• pburdman_at_earthlink.net
• Nathan Walker
• nw163_at_columbia.edu
• Baranda Fermin
• fermin_at_tc.edu
• Robert Shireman
• rshireman_at_sbcglobal.net

• Websites
• The Community College Research Center
• http//ccrc.tc.columbia.edu
• National Tuition Endowment
• http//www.tuitionendowment.org
• The Institute for College Access and Success
• http//www.ticas.org/