Despite federal investments in student aid--plus tax credits exceeding $70 billion and state expenditures for institutions and students exceeding $65 billion--record high financial barriers erected by recent changes in tuition and financial aid have prevented hundreds of thousands of college-qualified high school graduates from enrolling in…

There is an implicit general plan currently uniting federal and state financing policies, however, it is inefficient, inequitable, and ineffective, involving obsolete state financing policies and mistaken federal responses. Implementation of another plan available would require federal intervention in state financing policies. (MLW)