ITS ALL ABOUT THE MONEY AND WHO HAS IT AND WHO WANTS IT.
(CNSNews.com) - President Barack Obama’s college reform plan, released by the White House on Thursday, would encourage colleges to discriminate against applicants who come from families with total incomes of $60,000 or more by awarding colleges higher federal ratings and increased federal aid for admitting a higher “percentage” of students who receive federal Pell Grants, which the Department of Education says are for "low-income" students.
According to a study by the Congressional Research Service, in the 2007-2008 school year, only 2.3 percent of undergraduates who were still dependent on their parents, and whose total family income was $60,000 or more, received Federal Pell Grants.
According to the College Board, in the 2010-2011 school year, only 5 percent of all Pell Grants were distributed to dependent students whose total family income was $60,000 or more.
Colleges that admit and graduate a higher “percentage” of students on Pell Grants--as the Obama plan would encourage them to do--will necessarily admit and graduate a lower percentage of students who are not on Pell Grants.
A college that based its admissions policies solely on the merit of the individual applicant--and did not consider the applicant’s family income or eligibility for a Pell Grant in deciding whether to offer the applicant a place at the school--could be penalized under the Obama plan with less federal aid for itself and for its students if its merit-only admissions policy resulted in a student body with a lower percentage of Pell Grant recipients than other schools. - Via: CNS News
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