Ensuring Value for Federal Financial Aid
The federal government places few guardrails on its $120 billion yearly provision of grants, work study, and student loans for higher education. As a result, billions of taxpayer dollars go toward degrees with little or no payoff: more than 1 in 4 bachelor’s programs leave students with a negative financial return. Congress must tighten federal aid eligibility to protect students from low-value degrees and save taxpayers money – a key goal for the ongoing reconciliation bill.
