Democrats in the Senate want to improve Pell Grants.
According to a new review, one in three national financial aid money are allocated to programs with a bad return on investment.
Senate Democrats are also attempting to increase funding for higher education during the most recent funds debate.
In a report from the Foundation for Research on Equal Opportunity, Preston Cooper wrote that “environ a third of the federal Pell Grant and student loan funding goes toward programs that do n’t offer students a return on investment.” He sent The College Fix additional contact feedback.
He told The Fix,” that any increase in the Pell Grant]should ] be tied to the effects of the system it funds”.
Students who enroll in a system with a track record of producing large profits for graduates with affordable tuition may be eligible for a larger Pell Grant, according to Cooper’s plan. By recouping college student borrowing subsidies,” this plan may be totally funded.”
According to Cooper, federal lawmakers may impose rules on Pell Grants to chastise colleges that consistently offer a bad return on investment.
If the statistics regularly indicates that students who attend those institutions do not make a sufficient salary after leaving school, he said, Congress should consider restricting or eliminating the use of Pell Grants.
According to Cooper,” students would then be compelled to pick a university or software with a higher ROI in order to maintain their Pell Offers,” according to Cooper.
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But, almost half of the Senate wants to see Pell money increased.
In May, more than 40 Senate Democrats and left-leaning separate lawmakers wrote a letter urging apending budget bill to boost Pell Grant money.
In response to the Democratic and Republican officials on an appropriations committees, the letter stated,” We politely request you provide a voluntary boost to the prize as Congress works toward doubling the Pell Grant for learners.” The utmost Pell Grant amount is currently$ 7, 395.
The Fix contacted Senator Bernie Sanders, the seat of the US. Senate Committee on Health, Education, Labor, &, Pensions, for comment on the email and the statement from Preston Cooper.
The Fix gave the document to a worker, but it has since been ignored. The Fix requested comment on the report as well as information on possible guidelines for how to apply Pell grants to guarantee funding goes to programs with good ROI.
Senator Bill Cassidy, a part of the Senate Education commission with the most clout, did not respond to comments sent in the previous two weeks.
Cooper, with the Foundation for Research and Equal Opportunity, says while return on investment is not the only account,” no potential student should disregard” it when picking a school.
In his report’s assumption, he wrote that” the decision to attend school is probably less important than choosing which school to attend and which subject to study.” Some plans leave pupils worse off economically than they would have been if they had never attended college.
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