We support simplifying the federal student aid program and encouraging incentive-driven state funding approaches that promote better outcomes for students – especially low-income and first-generation students, students of color, and working adults. We believe that making these changes will help more students get the resources they need to complete a certificate or degree and enter the workforce and will encourage colleges and universities to adopt policies and practices that improve students’ chance for success.
COVID-19 and it economic effects pose serious challenges for states, with some experts predicting revenue shortfalls of up to 30 percent for the year ahead. This could spell trouble for public colleges and universities, which historically have shouldered disproportionate funding cuts during economic downturns. And this could threaten gains made in student access, success, and equity.
In this moment, states and their institutions can plot a different course, to prioritize limited resources, invest in evidence-backed practices, and promote new ways of serving students. We have joined with Lumina Foundation for Education, supported by HCM Strategists, to offer recommendations for state policymakers as they face difficult financial decisions.
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