Student Financial Supports
The nation’s models of student financial support – the frameworks for how students pay for postsecondary education – are outmoded, broken; that has made higher education unaffordable for too many potential students. It is time to fundamentally rethink our national approaches to student finance to assure that resources can be used to support the success of the much larger number of students who need postsecondary credentials.
These new models need to be structured so that:
- college is more affordable for low-income students,
- the cost of college is more predictable and transparent,
- students and institutions have incentives to increase completion, and
- federal, state and institutional policies and programs are aligned.
Lumina’s aim in this strategy is to help design these new models of student financing and encourage their adoption through policy advocacy.
Through a combination of convenings, research and strategic grant making, Lumina has aided in the development of new financial aid models and encouraged discussion about those models.
This work is led by Lumina Strategy Director Zakiya Smith.