New Commitment to Need-Based Financial Aid Critical in Context of Rising Tuition
February 25, 2014
The cost of public higher education in Kentucky has risen by more than 200 percent in the last 15 years, but the state’s financial aid programs have changed very little in response. As a result, the financial aid system does not fully recognize the importance of need-based aid to helping low-income students (a substantial portion of whom are adults) obtain degrees and credentials at a time of higher cost. Kentucky can strengthen the well-being of many thousands of its families and improve the state’s economy through reforms that make a new commitment to need-based financial aid.