Low-income student may have tougher time paying for college - KWWL - Eastern Iowa Breaking News, Weather, Closings

Low-income student may have tougher time paying for college

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CEDAR FALLS (KWWL) -

Soon low-income college students may have to find a new way to pay for school. The Iowa Board of Regents wants to eliminate the practice of using tuition dollars to give scholarships to low-income students within the next five years.

The Board of Regents voted on Wednesday during a meeting in Iowa City to create a 12 member committee. That committee is being asked to develop a long-term plan to end the practice of using tuition dollars to give scholarships to low income students.

Currently about 20 percent of tuition revenue is used for financial aid. Students say they have a hard enough time paying for themselves to go to college, let alone pay for other students, but they admit everyone deserves a chance to better themselves.

"I definitely support any student who wants to go to college. I don't want to be full of myself and say I'm not going to help them, but I'm sure there are other ways for those students to get money granted from the state, granted from Washington D.C., somewhere besides their peers," said UNI Senior, Emily Brandt.

This practice dates back to the 19-80's. Last year, more than $144 million went to nearly 26,000 students as need-based and merit-based scholarships.

The Board of Regents says the committee will develop a plan for a state-wide scholarship program and private fundraising to replace this form of aid.

Some parents and lawmakers have been critical of this practice, which they say hurts middle-class families by raising their costs to subsidize other students.

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