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Affordability & Finance
Policy Priority: Enhance Affordability and Reshape College Finance Systems
The RADD project identifies and develops innovative postsecondary financial aid solutions that ensure increased access and success for low-income students.
At a time when a college degree or credential is increasingly important to employment, wages, and civic outcomes, we must ensure that student success is predicated on more than family income or the ability to pay for college. Numerous studies—written by IHEP and others—have demonstrated the benefits of prioritizing financial resources for those with the greatest need, particularly those who would not otherwise be able to attend and complete college. Improving educational opportunity for these students will require postsecondary leaders to commit to making college more affordable and to reconsider the current finance system.
To stimulate progress in these areas, IHEP works to:
- Monitor trends in higher education financing at the federal, state, and institutional levels and advance strategies that work in concert—rather than at cross-purposes—to provide financial supports to low- and moderate-income students
- Explore strategies that help low- and moderate-income students complete college with manageable debt levels that can be repaid in a simple and timely manner
- Examine institutional revenue and spending patterns to illustrate the financial implications of targeted access and success initiatives
- Promote strategies that slow rising college costs and prioritize institutional spending on effective access and success efforts