Redesigning the Financial Aid System: Why Colleges and Universities Should Switch Roles with the Federal Government. (Between the Lines).By Robert B. Archibald; The Johns Hopkins University Johns Hopkins University, mainly at Baltimore, Md. Johns Hopkins in 1867 had a group of his associates incorporated as the trustees of a university and a hospital, endowing each with $3.5 million. Daniel C. Press, 2002, 238 pp., $42.00 If the goal of financial aid is to make IHEs equally accessible to all students regardless of asset or income level, then the system is a failure, asserts the author of Redesigning, Robert Archibald Robert Michael Archibald Jr. (born March 29, 1980 in Paisley, Renfrewshire, Scotland, UK) is a Scottish professional basketball player. A 6'11" power forward/center from the University of Illinois, he was selected by the Memphis Grizzlies with the third pick of the second round . A conglomeration con·glom·er·a·tion n. 1. a. The act or process of conglomerating. b. The state of being conglomerated. 2. An accumulation of miscellaneous things. of legacy programs enacted at various points in U.S. history, financial aid has ceased to work efficiently and effectively for the benefit of students and universities, he says. To rectify rec·ti·fy v. 1. To set right; correct. 2. To refine or purify, especially by distillation. this situation, Archibald proposes a radical plan: Switch the roles of the government and the university, so that loans are administered at the local level while grants come from the federal level. His exhaustively researched and meticulously reasoned argument may well win support for this dramatic proposal. Available at www.press.jhu.edu. |
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