January 10, 2024
By the Numbers: Here’s How the New Federal Financial Aid Formula Harms Families with More Than One Child
The old federal formula for higher education financial aid is dead. The new formula creates winners and losers. Specifically, the new formula harms middle-class families with more than one child in college at a time. It’s not that the new formula doesn’t take family size into account at all—it does, barely. The issue is that the new formula calculates the total…