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…

This report discusses recent changes in federal aid to postsecondary students enacted by Congress during 1992-93, focusing on the 1992 Amendments to the Higher Education Act and the 1993 Federal Direct Student Loan (DL) Program. The report reviews recent issues surrounding federal aid to postsecondary students, such as program accountability and…

This report discusses the Federal Pell Grant Program, the largest need-related federal postsecondary student grant program administered by the U.S. Department of Education, along with recent changes in the program authorized by the 1992 Amendments to the Higher Education Act. The program is designed to assist student from low-income families who…