There have been a number of proposals to modify and reform the current financial aid system.Consider the following reform proposals and using what you have learned in class discuss the benefits and drawbacks to each reform.You must provide a total of two benefits and/or drawbacks for each reform.Then choose a reform that you most prefer (or you may choose to remain with the current system) and explain why you think that is the best reform option

Increase the income limit for eligibility for the Pell grant.

Institute an income-contingent loan repayment system that caps how much a student must pay back every month to 10% of income.Students who choose to take advantage of the cap will have their payments extended so it will take longer to pay off the loan, up to 25 years after payments begin.

Provide all students with tuition-free access to community college (two-year public colleges)