Beware: reauthorization approaches. Institutions have heard this repeatedly for the past couple of years, but major systemic changes have yet to take place in higher education. What exactly is the reauthorization of the Higher Education Act? When will it really take place? And what will this mean for the financial aid programs that help your institution's students attend college?
Postsecondary students and their schools were dealt a sound blow recently when lawmakers failed to prevent a change in the way financial need is calculated. Experts believe this change will result in approximately 80,000 to 90,000 current Pell Grant recipients losing their awards entirely and more than a million Pell recipients experiencing reduced eligibility.