The cost of attending college has risen sharply over the last 40 years. Although more credit and grant aid have been made available to students, there are still major gaps between aid and the cost of attendance for many students in the United States, all of whom are left to figure out whether they can afford the remaining costs associated with…

Research findings regarding the impact of financial aid on the academic lives of college students, their grades, their academic loads, and their persistence are summarized. The five areas of financial aid studied are parental support, scholarships and grants, loans, work, and aid packages. (Author/JMD)