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MASFAA Annual Conference Indianapolis, Indiana October 7, 2013 Dan Madzelan. RADD Deliverables. The American Dream 2.0 Public Opinion Research Technical Panel Report. American Dream 2.0: Coalition and Report. Consensus on the problem: Aid should be more efficient and effective - PowerPoint PPT Presentation
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MASFAA Annual Conference
Indianapolis, IndianaOctober 7, 2013
Dan Madzelan
RADD Deliverables
• The American Dream 2.0
• Public Opinion Research
• Technical Panel Report
American Dream 2.0: Coalition and Report
• Consensus on the problem: Aid should be more efficient and effective
• Make aid simpler and more transparent
• Spur innovation to lower costs
• Ask institutions, states and students to share responsibility for completion
College Is Worth It: Public Opinion Research• The country is ready for this conversation
• 95% of African American parents and 97% of Hispanic parents think earning degree is essential or very important
• 49% of engaged voters believe higher education needs major changes or a complete overhaul
• Debt is the most common concern
• 73% of engaged voters expressed support for financial aid reform focused on outcomes in principle when provided with the potential benefits and consequences
Doing Better for More Students: Technical Panel White Paper
• Simplify Financial Aid– One Grant, One Loan, One Tax Benefit
• Share Responsibility– Incentives for On-Time Completion
• Innovation and Experimentation– Invest in demonstration programs and
research
A Simpler More Effective System
• One Grant Program– Import IRS data, include look-up table
• One Loan Program– One loan with one set of terms– Automatic IBR– Market-based interest rate
• One Tax Benefit– Consolidate household tuition and fee
credits into a Lifetime Learning Credit
Share Responsibility: Incentives for On-Time Completion
• Limit the number of credits borrowers can accumulate
• Increase enrollment intensity to receive maximum aid
• Provide additional aid for increased course load
• Define metrics to be phased in for institutional eligibility
Innovation and Experimentation
• Pell-Ready Grant
• Competency-Based Demonstration
• Performance Contract Demonstration
• Investment in outcomes data
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Contact Information
Kristin Conklin, HCM Strategists
Dan Madzelan, At-Large
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QUESTIONS?
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