While the cost and accessibility of textbooks have been the source of dispute, students and faculty alike have put pen to paper to argue for alternate approaches and prospective alternatives to textbook use in the classroom.
On top of these financial implications, there are also the looming mental and psychological effects that debt has on students’ mental health. Many students experience profound stress, anxiety and feelings related to shame when thinking about their financial situations related to school. In a 2021 survey, one in 14 student borrowers said they experienced suicidal ideation because of taxing debt situations.
In an email to faculty and staff sent out on Aug. 12, President Maurie McInnis outlined the university’s major financial issues. She also touched on how the administration plans to combat the deficit caused by the COVID-19 crisis.
However, 80 percent of the families living in areas near Poughkeepsie are eligible to receive aid from Excelsior, whereas only 55 percent of Long Island residing families are eligible for the same grant.