Forty years ago, 1974, the “Godfather Part II” was a hit in movie theaters, the cost of a first class stamp was a dime, President Ford granted a pardon to disgraced former President Nixon, and the Universal Product Code, aka the bar code, was first introduced.
That was also the year of the establishment of New York’s college financial aid program – the Tuition Assistance Program (TAP).
The world has come a long way from the introduction of the bar code – smart phones, twitter and the Hubble telescope are testimonials to how much the world’s technology has changed since 1974.
The demographics of college students have changed, and continue to change, as well. There are more women and more non-whites attending college now. There are more students attending college than ever before, both full-time, but also part-time.
In recent years, there has been a faster growth in the enrollment of college students who are over the age of 25 than those between 18 and 24.
As the college student population has changed, so its financial aid needs to change too.
Unfortunately, instead of making college more affordable, state policies have made it less so. (more…)