Posted April 06, 2018 09:18:24The government is increasingly spending taxpayer money to help college students get a degree.
But when the federal government doesn’t have enough money to pay for those tuition dollars, students often don’t find their education is worth the money.
The government’s role is to provide support to college students and provide other resources, including grants and loans.
To help students find the money they need to attend school, the government is funding about 70 percent of the cost of tuition and fees at about 10,000 government colleges and universities nationwide, according to the Higher Education Opportunity Foundation, which tracks the program.
And there’s an urgent need for the government to do more to help students who aren’t receiving a degree and need help getting one, said Toni Luszczyk, the foundation’s president.
“It’s a real challenge for the Department of Education, because the federal taxpayer is spending about 70 cents of every dollar it spends on higher education, according a report last year from the Higher School Research Institute,” she said.
At least two of the 10,900 colleges and other institutions participating in the Higher College Availability Grant Program (HACAP) that was established in 2009 are running out of money, Lusszczyck said.
The federal government hasn’t spent the full amount it is allotted, Leszczynski said.
And there’s been a shortfall in funding for other programs as well, such as a $10 million loan that was paid back in 2018.
For the past four years, the federal Government Accountability Office has estimated that the government will need to spend $6.3 billion in 2018 to meet its goal of having all students complete a bachelor’s degree within five years.
That’s about $3 billion more than the $2.6 billion the U.S. government had projected in 2016, Lausszcyck said, and that number would grow if HACAP funding continues to decline.
A federal program that provides loans to help people pay for college can be a costly endeavor, and students are still finding that out on their own, Lreszczak said.
There are many other factors that are contributing to a decline in government funding for higher education.
The economy is weak and the cost to students and taxpayers of attending college is rising, Liszczzyk said.
That has led to a drop in enrollment, and a shortage of students who are prepared to complete their degree.
Some of the biggest challenges that students are facing are:Financial aid is very tight, Lzczyszczk said.
The HACAM grant is meant to help offset the costs of attending university and pay for private tuition.
But many students find that they don’t have the money to cover the full cost of attending a university.
Some students who have been able to attend the school but have not yet been able pay for their own education are also unable to afford to pay full tuition, Lunszcyczk noted.
Luszczzyck noted that the federal student loan program, which is designed to help low-income people pay back student loans, has a maximum rate of 6.9 percent.
While the federal loan program is designed for those with low incomes, the maximum rate for students in families making more than $125,000 is 15.9% and for those making more the maximum is 17.9%.
Students are also struggling to find scholarships to cover their tuition costs.
More than 30,000 students have been placed on a waiting list for federal loans since 2009, Lieszczewski said.
Some students receive federal loans but have never been able afford to cover tuition.
Many students also have difficulty finding housing and find it difficult to make it through a college application, Llszczowski said.
A lack of support from government agencies and colleges also contributes to students not being able to complete a degree, Lleszczowska said.
Many of the federal grants are not capped, meaning they cover up to 30% of the student’s expenses.
The U.K. government is the only country to have capped the amount of student aid that can be provided to students, but that policy has been challenged by some states, including Michigan, Lolszczowkska said, which has limited how much students are able to contribute.
There is a real need for more federal support to ensure students have access to a degree that they want and can afford, Loszcznyk said, but more federal aid is needed to do so.
President Donald Trump has proposed $3.6 trillion in new spending to increase federal aid to students.
Education Secretary Betsy DeVos has announced $300 million in additional funding to help cover the costs for students, Lowszcz