April 17, 2013
New revisions to the Higher Education Act could help students financially during and after college. Although scholarships for adults lessen the load of tuition, school is often expensive. Potential legislative changes may help solve this problem.
Inside Higher Ed recently reported that the Obama administration might renew the Act, expanding federal aid programs, including federal work-study employment. Through this proposal, the administration's goal is to ensure that federal assistance is earmarked only for schools that provide a truly beneficial education that sets students up for career success.
These gainful employment rules, originally issued in 2011, aim to ensure that academic programs provide the skills for students to get financially sound jobs later. The measure, based on the Higher Education Act, checks the value of a school's program by comparing some loans a graduate has to their average income after college.
"...we look forward to engaging in a larger conversation with Congress, the community, and students and families about the next generation of the Higher Education Act," an Education Department official told the news source.
A Huffington Post blog explains that this legislation is a big help in preparing students for their future careers. Grants for single parents give students an economic boost, but these laws may make their educations more worthwhile.