A New 'Independence' Day for Student Financial Aid

As college costs have increased, and more federal and state aid has become merit-based, the doors of educational opportunity have closed for many students. Countless numbers are being denied access to college simply because they cannot afford it, undermining the fundamental policy object of the Higher Education Act of 1965.

On Capitol Hill, legislators are considering various measures to provide more financial support to students, such as a proposal to halve the interest rate on