To address some of the financial challenges facing low-income students, federal policymakers enacted a provision in the 2008 Higher Education Opportunity Act (HEOA) that makes financial literacy a required service of all TRIO programs (or, in the case of McNair, simply makes permissible). Effective August 2008, these programs started offering…

This training document for financial assistance professionals discusses ensuring program integrity in student financial aid and describes some tools for ensuring internal and external program integrity. The training focuses on these tools and resources: (1) the Federal Student Aid (FSA) Schools Portal; (2) the Information for Financial Aid…

Access to higher education remains a challenge for many students who face academic and informational barriers to college entry. This guide targets high schools and school districts, and focuses on effective practices that prepare students academically for college, assist them in completing the steps to college entry, and improve their likelihood…

National data reveal postsecondary students in proprietary schools and vocational education are much more likely than others to receive financial aid, and community college students are much less likely. Because of community college student sensitivity to costs and because evidence indicates aid is effective in two-year colleges, the pattern is…

This report of the Panel on Quality Improvement in Student Financial Aid Programs examines the quality control of federal student financial aid programs covered by Title IV of the Higher Education Act of 1965 and offers recommendations calling for sweeping revisions of the present system. The report explores: (1) the quality control practices…

Analysis of effects of different student financial aid types on year-to-year persistence of high school seniors of 1980 found social and educational background had differential effects at different points in the college experience, college experiences were influential, student aid had a positive effect on persistence, and loans promoted…

Although college missions, goals, and resources vary widely, institutions can assess the impact of financial aid and make strategic decisions to advance enrollment objectives. Such research requires specification of institutional goals and the relative priority of quality, quantity, diversity, and cost, and data on previous cohorts. New…

A study examined the extent to which receipt of financial aid influences the price level of the college or university attended, after controlling for academic ability, educational aspiration, socioeconomic status, distance from home, gender, and race. Data were drawn from a follow-up to the Beginning Postsecondary Student Survey of 1989-90…

The University of Oregon's financial aid director describes the success of the Federal Direct Student Loan program in its first year at the institution. No significant program disadvantages were experienced, and its advantages included flexibility of administration, ease of data management with the servicer, decrease in office workload, and…

A study investigated the effect of emergency loans of up to $275 on retention among 504 loan applicants (347 granted and 157 denied) at 1 university. Results indicate the loans had little or no effect on the likelihood of a student remaining in college. (Author/MSE)

A study compared college student income and cost of living (housing, food, and some additional expenses) in relation to income at Leeds Polytechnic and five other geographically diverse British institutions. The study was undertaken to assess the need for and impact of a new national student loan program. (MSE)

A study investigated the effectiveness of exit interviews as tools for reducing or predicting student loan delinquencies and found a relationship between repayment and completion of the exit interview. Interview completion was related to academic level and race. Type of exit interview (personal or mail) was not related to repayment delinquency.…

Essentially an application of installment purchase concepts to higher education, the Zero Cash Plan allows students without cash from family resources for room, board, and tuition to attend Cazenovia College (New York) by deferring parent contributions until after graduation. The program has evolved to meet changing student and institution needs.…

A review of the history of regulation in federal student financial aid programs indicates dramatic change and growth in the last three decades. Regulations of particular importance to aid administrators are highlighted, and two conclusions about recurring concern for the deservedness of aid recipients are drawn. (Author/MSE)

Without an institutional research office to look at recruitment and retention programs, DePauw University (Indiana) relies heavily on institutional trend data and comparative information to assess the effectiveness of three initiatives: recruitment of large numbers of minority students, strategic use of financial aid, and use of market…