The Education Commission of the States, in partnership with USA Funds, recently launched the Financial Aid Redesign Project. This initiative will target state-level policy innovations that align with higher education’s changing student demography. ECS and USA Funds released a brief to outline four principles guiding the Financial Aid Redesign Project. The four principles are:
Principle 1: Financial aid programs should be student centered. Aid programs designed around students and their needs set students up for successful outcomes.
Principle 2: Financial aid programs should be goal driven and data informed. Aid programs should have a clearly defined and easily understood intent aligned with measurable state education and workforce goals.
Principle 3: Financial aid programs should be timely and flexible. Aid programs should provide financial support to students when it can have the greatest impact on enrollment and persistence decisions.
Principle 4: Financial aid programs should be broadly inclusive of all students’ educational pathways. Aid programs need to respond to the diverse enrollment options available to students.
Visit the Financial Aid Redesign Project website to learn more. Also, check out a recent blog post by NASPA’s Research and Policy Institute that calls for bold policy action to support those who aspire to earn a postsecondary credential, but who may face barriers to do so.