Gihwala said one of the benefits of having a strong financial aid program at UNC was the diversity it created among students.
Gihwala was one of dozens of students at “Student Stories: A 100% Need-Based Event,” a program sponsored by the executive branch of student government, Multicultural Affairs and Diversity Outreach and the Campus Y. A panel of students talked about the Board of Governors’ new cap-and-freeze plan, which limits the amount of tuition that can go towards need-based aid to 15 percent.
Under the new proposal, if the University devotes more than this percentage, then the total dollar amount would be frozen until it was lower than 15 percent of the price of tuition.
When the proposal passed over the summer, members of the BOG said they wanted to minimize the hardship on middle-class families created by rising tuition.
Members of the board felt the cap-and-freeze rule would decrease the rate of tuition increases by placing a cap on the percentage of tuition that can go to need-based aid.
“There was an idea that we were content with raising the overall price of tuition, if we would keep increasing aid incrementally, and they thought that’s a problem,” said Student Body President Andrew Powell, who sat on the panel.
Although the Board of Governors might see it that way, Powell said it might not be the case.