Credit hour policies, or performance-based financial aid policies, have become increasingly popular among policymakers seeking to improve degree completion rates. In the Unites States, the college completion agenda has been bolstered by national calls from intermediary organizations and philanthropic foundations alike to raise the overall rate and…

RAND researchers studied more than 450,000 recipients of New Jersey's Tuition Aid Grant (TAG) -- the nation's most generous state-funded grant program per state resident college student -- to explore whether getting larger amounts of grant aid led to higher graduation rates for students at varying income levels and attending two-year, four-year,…

This dissertation includes three chapters focusing on policies directly related to improving college access and success. The first chapter focuses on lifetime eligibility of federal and state financial aid policies. The Pell Grant plays a critical role in helping students across the US to afford undergraduate education. In spite of its importance…

In 2007, Michigan undertook a bold mission: to retrain tens of thousands of adults to qualify for jobs in emerging and expanding sectors of the economy. The state's proposal to jobless, dislocated, and low-income residents was simple but appealing: enroll in up to two years of postsecondary education, and Michigan would cover up to $5,000 in…

A growing body of empirical evidence shows that some financial aid programs increase college enrollment. Puzzlingly, there is little compelling evidence that Pell Grants and Stafford Loans, the primary federal student aid programs, are effective in achieving this goal. In this paper, we provide an in-depth review of this evidence, which taken as a…

Explores the need for the higher education community to rethink the structure of higher education finance from its basic foundations. Suggests that future research focus on how the method of delivery of public subsidies--across-the-board subsidies, in-school interest subsidies on student loans, or Pell Grants--influences their effectiveness for…

This discussion of how the effectiveness of federal student aid can be evaluated is framed in terms of three questions: (1) Has federal student aid expanded educational opportunity; that is, has it encouraged the enrollment and broadened the educational choices of disadvantaged students? (2) Has federal student aid made the distribution of higher…

Using data from Achieving the Dream: Community Colleges Count, this issue looks at changes in cohort composition. The analysis addresses the changing composition of the Achieving the Dream student cohorts from 2002 to 2005. The data show that at Achieving the Dream colleges, the percentage of Hispanic students increased over the four cohorts…