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MAGIS

Abstract

First, a college-educated individual will return much of his or her additional income to our society in the form of tax dollars. Second, the college-educated individual’s earnings are spent and invested throughout our economy, enhancing the earnings of others. Third, the immediate family members of a college-educated individual receive an enhanced quality of life. Fourth, state-supported need-based grants help reduce brain drain from the state. What can the Bush Administration and Congress do? First, rather than eliminating Perkins Loan and SEOG programs as a way to fund Pell increases, the Bush administration should renew our commitment to providing access for all students. Second, the timing and method of conducting needs analysis should be examined. Third, the federal government should consider launching a pilot study with a test group of universities to determine if a simplified needs analysis is effective at increasing college enrollment of qualified but needy students. Fourth, the federal government should continue to increase the annual borrowing limits for the Stafford Loan program. Fifth, states should increase need-based aid given directly to students. Only when the federal government, state governments, and postsecondary institutions invest together will we provide both access and choice.

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