Open the Title IV Door The federal financial aid system is locking students out of more affordable learning options - Burck Smith, Inside Higher Ed

Ironically, by restricting applicability to accredited colleges, Title IV requires the poorest students to enroll in riskier, higher-priced postsecondary options and not the increasing number of low-cost alternatives, many of which are offered by learning providers other than traditional, accredited postsecondary institutions. Today, there are more than 550,000 postsecondary credentials that are outside the Title IV system, including certificates, badges, licenses and certifications. These range in length, price, value and meaning, but many have gone through evaluations such as American Council on Education Learning Evaluations to determine how many college credits they equate to. Many also cost a fraction of the amount of the equivalent college programs and can be completed much more quickly than a traditional degree program or at a flexible pace.

https://www.insidehighered.com/views/2022/12/06/rethinking-federal-aid-alternative-credentials-opinion