FAP790: The Fed, TAF, APA, and College Costs

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FAP790: The Fed, TAF, APA, and College Costs

5 May 2008 1 views No Comment

FAP790: The Fed, TAF, APA, and College Costs

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Student Financial Aid News
+ Did the Financial Aid Podcast alter Fed policy?
+ The Higher Education Act expired on Friday. How does this affect you? It doesn’t, really. Everything is still working.
+ Stafford federal student loans at StaffordLoan.com

Scholarship Update
+ APA 20th Anniversary Psychology Scholarship
+ In celebration of APAGS’s 20th anniversary in 2008, APAGS will acknowledge four outstanding graduate psychology students who have demonstrated exceptional leadership in psychology and are on track to becoming future pioneers in the field. APAGS members who have demonstrated excellence in their work as leaders in research, practice, professional service, community service and/or legislative advocacy are eligible for this prestigious award. Four $5,000 scholarships will be awarded to graduate students who best represent future pioneering leaders of psychology. Candidates from diverse science and clinical training programs, as well as from diverse backgrounds, are encouraged to apply. In addition to the monetary award, winners will also receive travel funds (airfare through the APA Travel Office, plus reimbursement for 3 hotel nights) to attend the 2008 APA Convention in Boston to participate in a brief presentation of their work with the other award recipients.
+ All candidates must be APAGS members, currently enrolled (and in good academic standing) in a doctoral program in psychology. Winners must agree to attend the 2008 APA Convention in Boston to provide a brief presentation of their work and vision for the future of psychology in a program that features all of the winners. APAGS officers and/or subcommittee chairs are ineligible for this award.
+ Applications are due in APAGS Central Office no later than May 9, 2008.
+ Details in our free college scholarship search site

Opinion
+ In the past, there’s been some debate about whether financial aid drives college costs or vice versa. There’s a correlation between availability of financial aid, including student loans, and college costs, but it’s so far been unclear if there’s any causal relationship.
+ Here’s the twist on this story. As we’ve gone through the student lending crisis in the past few months, nearly every proposal on the table has talked about helping lenders gain access to more capital, to more cash. There have been all kinds of harebrained schemes dreamed up to fix student lending.
+ The one thing that no one has proposed is this – reducing college costs.
+ If college costs drove up financial aid, then logically you’d see costs change first, and aid follow
+ If financial aid drove up college costs, then logically you’d see aid change first, and then colleges change costs – and that’s exactly what I think we’re seeing
+ The housing market is a contrast – with no similar federal program for housing loans, the housing market is collapsing at an incredibly fast rate – costs coming down

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