Word: guaranteeeing
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Under current law, campus-based aid is awarded according to two criteria, including the demographics of the student body and a base guarantee that ensures that institutions will receive a certain minimum percentage of campus-based aid funding. That minimum is set when the institution first applies to receive federal...
But two prominent members of the House Committee on Education and the Workforce—Committee Chair Rep. John Boehner, R-Ohio, and Higher Education Subcommittee Chair Rep. Howard P. “Buck” McKeon, R-Calif.—have introduced H.R. 4283 to the full committee...
Day said such a move would likely be supported by the Bush administration and others that believe that the base guarantee locks the government into giving institutions aid money based on past needs, rather than based upon present needs.
Donahue said Harvard would lose out under such a change because it has received money under the Higher Education Act since the 1970s and thus has a base guarantee that allows Harvard to obtain a disproportionately large level of funding.
Day said some are concerned that without the base guarantee, the funding accorded to schools will be too volatile with yearly demographic shifts in the student body.