The Advisory Committee on Student Financial Assistance shares an update on how changes to the Higher Education Act (HEA) can negatively impact low income students including Latinos and African Americans. Rising college costs, decreasing completion rates, shifting enrollment rates, and fewer Bachelor degrees could be the long-term outcomes of redesigning federal need-based grant aid; an escalation of inequality of opportunity. The Advisory Committee’s 2010 counseled Congress against making changes:
In particular, the 2010 report cautioned that the steady erosion in the purchasing power of Pell Grants must be reversed if any progress is to be made in ensuring equal educational opportunity and success in higher education. Without such increases, inequality in access and completion will steadily worsen – as will inequality in national income.