The Indiana Policy Center at Indiana University recently issued a report stating that the best way to help make college affordable is to increase need-based aid.
This would expand the amount of money the state gives to students for which affording college is almost financially impossible.
But maybe the word "need-based" needs to be re-defined before following through on this idea.
Many parents save wisely and are financially responsible by planning ahead for their children's futures. Their children are often exempt of need-based aid because the state sees that they can manage money well.
But they still might need money for their children's educations.
Those children are forced to take out loans that they might not be able to pay back for years. With the costs of living and adequate insurance as top priorities under entry-level pay, those loans can cause future debts that keep compounding.
This reduces disposable income and does not help the state financially.
By rewarding responsible families who might need a little financial assistance with their children's education, the state can help make it possible for people to put more money back into the state. It might also help show that smart saving and spending pays off in the end, motivating future generations to start the cycle again.
Plenty of the families that do qualify could very well be struggling to make ends meet. However, the current system, even if it gives more need-based aid, is still missing an important piece. It does not reward families who have helped the state by monitoring their own expenses.
Read More
Three Air Jam teams take home the win
October 12, 2012Nineteen teams shimmied, shook and flipped for a sold out John R. Emens Auditorium on Thursday night during the 25th annual Air Jam.
Bill Clinton Speaks at North Central High School
October 12, 2012Former President's Speech Could Have Effect on State Senate Race
