Counselor’s Corner
“My problem lies in reconciling my gross habits with my net income.” — Errol Flynn
The Federal Education Act of 1965 paved the way for the system of college financial assistance that we have in place today. First implemented in 1972, the grants you now know as Pell were designed to help those with the most financial need afford to go to college.
The premise then and now is that educated people tend to make more money which allows them to pay more taxes and spend more within their communities. This give-and-take cycle allows those with needs today to “pay it forward” for those coming up behind them.
Millions of individuals, this writer included, have benefited from federal financial aid over the years and received college degrees because of it. However, millions have also received aid, especially loans, and have not kept their part of the agreement, which is to complete a degree.
Read More