In recent decades, several dozen colleges and universities have instituted loan-reduction initiatives (LRIs), such as "no-loan" programs. Institutions frequently cast such initiatives as efforts to increase socioeconomic diversity on campus. Using a difference-in-differences analytic strategy with national institution-level data, we…

Federal free-college policies are now at the center of the Democratic higher education agenda. Sen. Bernie Sanders helped move the idea into the mainstream during the 2016 presidential campaign, and other lawmakers have since worked to advance the policy in Congress. Joe Biden effectively put free college on the ballot in 2020 when he fully…

Student parents face many challenges, including paying for child care, that can make it difficult for them to complete a degree. The federal government supports student parents through Education's Child Care Access Means Parents in School (CCAMPIS) program, which provides colleges funding for child care services, and federal student aid, which can…

The degree to which students are able to make adequate repayments on their student loans and avoid default is of special concern for colleges. If too many former students go into default, the college will face sanctions by the federal government and lose eligibility to provide currently enrolled students federal financial aid, such as the Pell…

Using a longitudinal, state-wide dataset, this study assessed the effect of financial aid on the persistence of full-time students in associate's degree programs at the Oklahoma community colleges. Three financial-aid sources were examined: the Oklahoma Higher Learning Access Program (OHLAP), Pell grants, and Stafford loans. Results indicate that…

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 guide is intended as a self-evaluation questionnaire for those institutions conducting internal reviews of financial aid programs and of their compliance with federal regulations. It addresses recommended good administrative practices with a view to minimizing incidents of misrepresentation and providing a clear audit trail. Title IV programs…

The need for efficient and effective systems to deliver financial assistance to students and to administer the Guaranteed Student Loan (GSL) program is assessed, and recommendations for improving delivery systems are provided. Attention is directed to the delivery of Pell Grant and campus-based assistance, the provision of information to current…

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…

More than $25 billion in financial aid in 1988 is awarded annually to students attending postsecondary education. The aid covers about the same percentage of college costs that it did in 1970, but the impact of veterans' education benefits and social security benefits is no longer significant, and loans now make up one-half the total aid, having…