Money Matters, but So Does Avoiding Red Tape

By Sara Goldrick-Rab. “There’s no such thing as free money,” Joanne, a middle-aged African-American mother of two sitting across the table from me declared. “But for me, getting this college degree depends on whether I have enough money to afford it.”
Solving the problem of college affordability lies at the heart of the Bill & Melinda Gates Foundation’s $3.3 million Reimagining Aid Delivery & Design project, which has spurred a series of reports covered weekly in the news this year. While the reports run the gamut of possible suggestions, from tying aid to students’ academic backgrounds to replacing the Pell Grant with a federal-state matching grant, they all have a similar refrain: Whatever the solution, it must be cheaper—it simply isn’t possible to request any additional spending. Read more...