The Chronicle of Higher Education, August 28, 2016: What Colleges Can Do Right Now to Help Low-Income Students Succeed

“Feeling forced into borrowing is contributing to stress during college. To make money through work and minimize their loan exposure, students sacrifice participation in the sorts of academic and social activities that build networks and learning, the kinds of activities that increase the economic returns of their degrees. And yes, it contributes to resentment and distress when the loans must be repaid. These are the new economics of college — and they are harsh. In debates about paying for higher education, it has been argued that Pell recipients are the only ones getting a good deal, since the Pell is a grant. But when the Pell program began, it was supposed to cover the cost of attending college. Not anymore.”