In regard to the parameters around financial aid, MASFAA has always stressed an inclusive policy that is focused on students with the highest financial aid need but is mindful of the thousands of students that barely miss eligibility for the centrally administered programs, the MassGrant program on the state level and the Pell Grant program on the federal level. We, therefore, believe strongly in the need for campus-based programs to supplement the centralized programs. In establishing guidelines and rules for the programs, it is essential to involve the financial aid community through an effective advisory committee and the inclusion of the state’s financial aid organization.

In regard to the role of the Commonwealth in promoting access to higher education, higher education is one of the major industries in Massachusetts. For continued economic growth and development of contributing citizens, it is critical for the Commonwealth to promote access to higher education. Massachusetts should strive to provide a significant portion of a student’s need. While generous loan programs, such as the No Interest Loan (NIL), play a vital role, increases in grant aid are required. The pricing of education is a complex subject; however, financial aid programs have broad based support among the citizens of the Commonwealth.

In general, continued and additional support of proven need-based financial aid programs, supplemented by creative and new need-based initiatives, will be fully supported by MASFAA. We look forward to assisting in the development of these initiatives and assisting in their implementation.