Committee For Economic Development Examines Opportunities To Reform Federal And State Financial Aid

 Committee For Economic Development Examines Opportunities To Reform Federal
                           And State Financial Aid

PR Newswire

WASHINGTON, Jan. 24, 2013

Dr. William Doyle of Vanderbilt University keynotes CED luncheon, discusses
new policy brief, "A New Partnership: The Road to Reshaping Federal & State
Financial Aid"

WASHINGTON, Jan. 24, 2013 /PRNewswire-USNewswire/ -- The Committee for
Economic Development (CED) today hosted a luncheon discussing a new policy
brief authored by Dr. William Doyle, Assistant Professor of Higher Education,
Department of Leadership, Policy and Organizations, Peabody College of
Vanderbilt University titled, "A New Partnership: The Road to Reshaping
Federal & State Financial Aid."  The brief presents Dr. Doyle's
recommendations on how best to reform federal and state financial aid and
centers on the premise that simply through an overall increase in efficiency,
the system of higher education will result in increased educational attainment
for underserved populations.


"Student financial aid should ensure that individuals who can benefit from
college, and would not otherwise attend, are able to enroll. This policy brief
lays the ground work for policymakers to design a student financial aid system
that works at every level - federal, state and institutional - in order to
accomplish this goal," said Will Doyle. "CED's previous work has established
the necessity of creating a more productive system of higher education, and I
feel privileged to work with them in developing new ideas to improve the
efficiency and effectiveness of student financial aid."

"In 2012, CED released Boosting Postsecondary Performance, a report that 
calls on business leaders to become active participants in shaping
postsecondary education reform and finance policies, focusing attention on
strengthening the capacity of broad-access institutions to fill workforce
gaps," said Steve Odland, Chief Executive Officer of CED. "This discussion
today reignited deliberations around how best to reform federal and state
financial aid in order to increase access to postsecondary education."

CED has long taken an active role in terms of promoting education reform in
this country:

  ofrom engaging in an aggressive outreach program that helped to increase
    funding at the state level to expand access to pre-K programs for children
    across the U.S.;
  oto working at the state level to promote teacher effectiveness and sound
    human resource policies toward teachers;
  oto drawing attention to the need for expanded access to broad-access
    institutions, which educate the majority of our nation's college students
    – many more than the better-known research universities and highly
    selective schools.

"Dr. Doyle's analysis comes at a critically important time, as the U.S. system
of higher education continues to fall behind the rest of the world in the
production of postsecondary degrees and certificates," said Carl Camden, CED
co-chair and President and Chief Executive Officer of Kelly Services, Inc.
"College prices continue to rise faster than prices in other sectors; Pell
Grant funding is failing to keep pace with increases in college prices; and
low-income students continue to struggle to pay for and attain an advanced
degree. We cannot assume that ever-greater amounts of public support will
solve our access problems. We do need to think about how to use our dollars
more effectively. We want to thank Will Doyle for helping CED explore this
pressing issue."

About CED
CED ( is a non-profit, nonpartisan business-led public policy
organization. CED conducts research on major economic and social issues and
actively informs and engages the business community in an effort to achieve
policy reform for the good of the nation. Membership is made up of some 200
senior corporate executives and university leaders who lead CED's research and
outreach efforts.

Sarabeth Stone

SOURCE Committee for Economic Development

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