Panel urges overhaul of college aid system - National Commission on Responsibilities for Financing Postsecondary Education - Brief Article

Jet, March 8, 1993

The National Commission on Responsibilities for Financing Postsecondary Education recently said a restructured college financial aid system, including direct student loans and community service repayment plans, is needed to avert a crisis that could alter the nation's "economic and social landscape."

The federal commission, which recently released its report on the college financial aid system, also urged Congress to consolidate many existing financial aid programs, fully fund the Pell Grant program and issue some loans without regard to family income.

The commission proposed a community service program for students similar to that advocated by President Clinton.