Glorified Book Report

Glorified Book Report - There are a variety of reasons that...

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There are a variety of reasons that states tend to have similar programs and policies regarding postsecondary education financing and accountability. “In particular, six policies and programs attracted widespread attention during the 1980s and 1990s: college saving programs, prepaid tuition programs, broad-based merit scholarship programs, performance funding, performance budgeting, and undergraduate assessment policies” (Heller, McLendon, & Young, p. 365). These six can generally be broken up into two categories: financial innovation and accountability innovation. Financial innovation includes savings programs, tuition programs, and scholarship programs. College savings programs encourage families to save for their children’s futures by promoting different forms of investment that have little risk and some return and are also tax- exempt or include a deferred tax clause. Prepaid tuition programs are programs that allow the parents of a child to “lock-in” tuition rates at the current price by investing in the program. The Texas Guaranteed Tuition Plan was an example of this until the program ended a couple of years ago. Until then, families were using it to save money on their child’s tuition so that there would be fewer loans that the child would have to take out or less money that the family would have to spend. The last program, which became the most popular in the 1990s, is a merit scholarship program. Basically, a state would look at the child’s grade point average, class ranking, test scores, and other various requirements and choose who would receive financial aid from the state. The second category, accountability innovation, includes performance funding and budgeting and mandated assessments of students who recently begun some form of postsecondary education. Performance funding refers to the ability of the state to connect how well a school performs with the amount of funding it receives. Performance budgeting, however,
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This note was uploaded on 04/18/2008 for the course POSI 1310 taught by Professor Arnold during the Spring '08 term at Texas State.

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Glorified Book Report - There are a variety of reasons that...

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