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The Higher Education Act, which first passed Congress in 1965 and was reauthorized in 2008, sets the conditions universities must meet to receive federal student loans and grants. Unfortunately, the law creates tremendous risks for American education. https://buff.ly/39IQ6gj
For one, it has created a strong dependency on federal dollars for academic institutions to stay afloat. Should the Department of Education sever the flow of taxpayer funds, many colleges would likely face swift bankruptcy.
These funds also create an environment ripe for administrative bloat, deflecting financial responsibility, and have not alleviated the financial weight of attending college for students.
To address these concerns, NAS has issued 40 detailed policy recommendations to help make America’s colleges and universities more financially independent, efficient, and responsive to the public. See our “Freedom to Learn” amendments: https://buff.ly/39IQ6gj
