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MASFAA Annual Conference Indianapolis, Indiana October 7, 2013 Dan Madzelan

MASFAA Annual Conference Indianapolis, Indiana October 7, 2013 Dan Madzelan. RADD Deliverables. The American Dream 2.0 Public Opinion Research Technical Panel Report. American Dream 2.0: Coalition and Report. Consensus on the problem: Aid should be more efficient and effective

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MASFAA Annual Conference Indianapolis, Indiana October 7, 2013 Dan Madzelan

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  1. MASFAA Annual ConferenceIndianapolis, IndianaOctober 7, 2013Dan Madzelan

  2. RADD Deliverables • The American Dream 2.0 • Public Opinion Research • Technical Panel Report

  3. American Dream 2.0: Coalition and Report • Consensus on the problem: Aid should be more efficient and effective • Make aid simpler and more transparent • Spur innovation to lower costs • Ask institutions, states and students to share responsibility for completion

  4. College Is Worth It: Public Opinion Research • The country is ready for this conversation • 95% of African American parents and 97% of Hispanic parents think earning degree is essential or very important • 49% of engaged voters believe higher education needs major changes or a complete overhaul • Debt is the most common concern • 73% of engaged voters expressed support for financial aid reform focused on outcomes in principle when provided with the potential benefits and consequences

  5. Doing Better for More Students: Technical Panel White Paper • Simplify Financial Aid • One Grant, One Loan, One Tax Benefit • Share Responsibility • Incentives for On-Time Completion • Innovation and Experimentation • Invest in demonstration programs and research

  6. A Simpler More Effective System • One Grant Program • Import IRS data, include look-up table • One Loan Program • One loan with one set of terms • Automatic IBR • Market-based interest rate • One Tax Benefit • Consolidate household tuition and fee credits into a Lifetime Learning Credit

  7. Share Responsibility: Incentives for On-Time Completion • Limit the number of credits borrowers can accumulate • Increase enrollment intensity to receive maximum aid • Provide additional aid for increased course load • Define metrics to be phased in for institutional eligibility

  8. Innovation and Experimentation • Pell-Ready Grant • Competency-Based Demonstration • Performance Contract Demonstration • Investment in outcomes data

  9. HEADER CONTENTTO GO HERE Contact Information Kristin Conklin, HCM Strategists kristin_conklin@hcmstrategists.com Dan Madzelan, At-Large madzelan@gmail.com

  10. QUESTIONS? HEADER CONTENTTO GO HERE

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