Minor College Financial Aid Overhaul Expected

By  | 

Jackson, Miss. The leaders of Mississippi's universities and community colleges had plans for a major overhaul of state-funded financial aid programs before this legislative session. But lawmakers appear likely to adopt only a portion of the plan.

Higher education leaders voted in September to recommend that lawmakers revamp financial aid to make it easier for students to apply for and give more money to poor students. However, enacting all the changes that the group considered would cost a projected $77 million. The state is spending only $28 million this year.

Faced with such a daunting price tag, lawmakers are considering only a small change that would cost an additional $3 million.

That means Mississippi will still give the most aid to relatively better-off students.