Business Finance
Manchester Metropolitan University Making College More Affordable Discussion

Manchester Metropolitan University

Question Description

I’m studying and need help with a Management question to help me learn.

Questions:

1. Compare and contrast the following three proposals for making college “more affordable.”Be sure to discuss any changes in incentives, costs, benefits, and unintended consequences associated with each.Then pick one as your “preferred policy” and briefly argue why. Assume that the starting point counterfactual is a system that guarantees financial aid based on family income, which consists of some % grant aid, and some % Federal loans, and those with higher family incomes will not be considered for aid (2 pages).
    • Free College (4-yr and 2-yr) at public institutions for all students.This means that all tuition and fees are covered for all students, regardless of income and ability.
    • Free College (4-yr and 2-yr) at public institutions with a family-income cap (that is higher for 4-yr students).This means that all tuition and fees are covered at 2-yr institutions for all students up to a certain family income of $X and all tuition and fees are covered at 4-yr institutions up to a certain family income of $Y where Y>X.
    • Free College (4-yr and 2-yr) at public institutions for those with HSGPA>X or SAT/ACT> Y where X and Y are separate cut-offs for each ability measure and one must score above at least one of these cut-offs to qualify.X and Y can vary depending on 2-yr vs. 4-yr attendance.
  • 2. Suppose you are a consultant for the administration of a large public four-year research university that is ranked #40 by US News & World Report.You have been hired to increase the quality of the university, while maintaining accessibility to in-state students.Please discuss your proposal(s), as well as any unintended consequences that may occur, any costs, and any potential downsides.Please use citations to back-up your proposal(s) (2 pages).

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Questions: 1. Compare and contrast the following three proposals for making college “more affordable.” Be sure to discuss any changes in incentives, costs, benefits, and unintended consequences associated with each. Then pick one as your “preferred policy” and briefly argue why. Assume that the starting point counterfactual is a system that guarantees financial aid based on family income, which consists of some % grant aid, and some % Federal loans, and those with higher family incomes will not be considered for aid (2 pages). a. Free College (4-yr and 2-yr) at public institutions for all students. This means that all tuition and fees are covered for all students, regardless of income and ability. b. Free College (4-yr and 2-yr) at public institutions with a family-income cap (that is higher for 4-yr students). This means that all tuition and fees are covered at 2yr institutions for all students up to a certain family income of $X and all tuition and fees are covered at 4-yr institutions up to a certain family income of $Y where Y>X. c. Free College (4-yr and 2-yr) at public institutions for those with HSGPA>X or SAT/ACT> Y where X and Y are separate cut-offs for each ability measure and one must score above at least one of these cut-offs to qualify. X and Y can vary depending on 2-yr vs. 4-yr attendance. 2. Suppose you are a consultant for the administration of a large public four-year research university that is ranked #40 by US News & World Report. You have been hired to increase the quality of the university, while maintaining accessibility to in-state students. Please discuss your proposal(s), as well as any unintended consequences that may occur, any costs, and any potential downsides. Please use citations to back-up your proposal(s) (2 pages). ...
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Final Answer

Attached.

Running head: MAKING COLLEGE MORE AFFORDABLE

Making College More Affordable
Name
Institution

1

MAKING COLLEGE MORE AFFORDABLE

2

MAKING COLLEGE MORE AFFORDABLE
Making college education more affordable has been one of the core aims of many
governments to create an educated workforce in the country. Having different social classes in
the country, the level of affordability of college education is different depending on the family
incomes. For this matter, we are comparing and contrasting three proposals that will make
college education more affordable.
The first proposal suggests that college education at public institutions should be free for
all students. This means all tuition and fees are covered for all students regardless of their
income and ability. This proposal is greatly to an advantage to the low and middle-class families.
The individuals who are more bright and interested in education but lack financial support can
utilize fully the free college education and the scholarship programs provided by the government.
This enables individuals to explore their talents where they later become assets to the nation.
Education fruits are seen more in society than how an individual would benefit. All faces of our
social, economic and social life majorly depend on the fresh ideas of new graduates in the
society. Therefore, its evident free college education for every student will make it more
affordable to everyone. On the other hand, it makes public colleges to be overpopulated due to
the higher number of students across all the social classes
Secondly, free college education at a public institution with a family income-cap. This
means that all tuition and fee are covered for all students up to a certain level of family income
and hence the rest caters for themselves. This helps to cut off excess expenditure in funding even
students from high-income families. The low-income families are given grants which doesn’t
need to be paid back whereas the high-income are given federal loans provided the applicant

MAKING COLLEGE MORE AFFORDABLE

3

demonstrates the need. In this case, it reduces the burden of funding all capable students and
reducing the chances of financial crisis.
Thirdly, free college education at a public institution for those with HSGPA>X OR
SAT/ACT>Y where X and Y are cut off points where one must score above at least one of these
cut-offs to qualify. This proposal suggest that student should be given the chance for the free
college education depending on the capability to pass their ACT/SAT or HSGPA exams. If a
student manages to get above X for HSGPA then he automatically qualifies to get the free
college education. If one fails, the chances are very minimal to get a free college education.
Preferred policy
The third proposal takes the bigger weight out of the three proposals. It tends to sieve brighter
students from the rest and provide them with a chance to further their interest. It becomes more
of a motivation to students in high school to work harder to get free college education as a
reward and a relief to their parents. It also creates a competitive environment among students
and therefore increasing the quality of education.
In conclusion, funding students from different social classes depending on smartness
becomes the most effective way to create a reliable workforce in the society.


Running Head: RESEARCH UNIVERSITY

Research University
Name:
Institutional affiliation

2
The research university is well known to help with training students to develop into the best
versions of themselves. It has a reputation that precedes it, and the essence of my proposal is not
only to make sure that that reputation is not on...

lagat15 (1105)
Purdue University

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