Judith Scott-Clayton Testifies at Senate HELP Committee Hearing on College Affordability
Professor Scott-Clayton spoke at the Senate HELP committee's hearing on college affordability on June 3, and made recommendations to reduce complexity in the federal student aid application and loan repayment processes.
According to Scott-Clayton:
The real college affordability crisis is not that we're spending too much on college and saddling graduates with too much debt. The true crisis is that federal student aid has become more essential for more students than ever before, but the complexity of the system is undermining its effectiveness.... Unfortunately, the burdens of complexity and confusion fall most heavily on the very students who need aid the most—low-income students, minorities, and first-generation college goers, who are the least likely to have a family member, friend, or counselor who can guide them through their options and help them fill out the FAFSA. Too many of these students fall off the path to college early, not because they ever actively decide that it's not worth it, but because they simply assume that they don't have a choice.
Scott-Clayton's recommendations include simplifying the unnecessarily complex Pell eligibility formula and eliminating the FAFSA, and streamlining federal student loans into a single program with income-based repayment.
For more information and to watch a video of the proceedings, visit the Senate HELP committee website.
Published Thursday, Jun. 4, 2015