UNC leaders ponder how to handle financial aid

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RALEIGH, N.C. (AP) — The governing body of the University of North Carolina is reviewing the policy of setting aside a percentage of revenue set aside for financial aid for needy students.

The board's current four-year tuition plan requires each campus to set aside at least 25 percent of all new revenue from campus initiated tuition hikes to cover the cost for lower-income students. On Thursday, UNC President Tom Ross offered a proposal to amend the plan to remove a minimum requirement and instead cap the set aside at 25 percent.

Franklin McCain of Charlotte argued against limiting financial aid, saying UNC system students are already subsidized by taxpayers. Wilmington board member Fred Eshelman called the financial aid set aside "a hidden tax."

The board is likely vote on the issue in September.

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