The Higher Education Act and What It Means for Students

There were three bills passed by the House of Representatives recently that were part of the reauthorization of the Higher Education Act. Many parents and students are left wondering what this means for their futures.

U.S. Senator Tom Harkin, recently drafted a proposal to amend the long standing High Education Affordability Act in attempt to help the financial aid structure and ultimately make it easier and more affordable for students to pay for college. His overall goal is to reduce the amount of debt that students obtain in order to achieve a degree.

Harkin is hoping to give students a break by increasing the amount of contributions to the state public universities are required to make along with beefing up support of community colleges while adding expansion programs for high school students.

The financial expert and co-founder of the College Planning Network, Scott Weingold said, “I don’t think that it’s necessarily going to be a game changer, per se, for making college more affordable for students” in regards to the recent reauthorization of the act.

Even more skeptical of these changes is Felicia Gopaul, the president of College Funding Resource, she says “They could go a bit further with the process.”

Only time will tell if Senator Harkin’s proposed changes will ease the burden that our college students bear. It’s good to see some forward momentum and movement for change.

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