Results of a survey of the Western Association of Financial Aid Administrators concerning the prevalence and stringency of validation procedures used in 1985-86 are presented, and the impact and effectiveness of federal verification procedures in offices in that region are discussed. (MSE)

In response to Fischer (HE 527 626), the author considers a proposal to simplify need analysis in Pell grants and other federal need-based student aid as having merit but threatening serious financial harm to many current Pell grant recipients and their institutions. It is argued that focus on budgetary advantages ignores potential dislocations…

In response to Fischer (HE 527 626), the author considers a proposal to simplify and unify need analysis in Pell grants and other federal need-based student aid as appropriate. It is also argued that a single need analysis is needed because the complexity of the existing systems is a barrier to achieving the programs' central goal. (MSE)

In response to Fischer (HE 527 626), the author considers his proposal to simplify need analysis in Pell grants and other federal need-based student aid as ignoring important considerations. It is suggested that a single formula will be difficult to derive until a coherent philosophy of needs analysis and specific current purpose for the grant…

A discussion of the two systems of need analysis used for Pell grants and other large federal need-based student-aid programs looks at the reasons for different systems and examines the usefulness of simplification to one. Budgetary feasibility, distributional implications, alternative cost-saving reforms, and effects on public confidence are…

In response to Fischer (HE 527 626), the author considers a proposal to simplify need analysis in Pell grants and other federal need-based student aid as a good start toward getting policymakers to achieve more consistent assessments of student financial need, but more work by many parties to create a system producing more realistic need…

In response to Fischer (HE 527 626), the author considers his proposal to simplify and unify the need analysis used in the Pell grant program and other federal need-based student aid to be useful and well designed, avoiding some common political considerations as it improves procedures and increases equity. The alternative cost-saving aspects of…

Historical data concerning the federal Guaranteed Student Loan Program/Stafford Student Loan Program/Family Education Loan Program are presented, tracing default rates since 1980 and the population distributions for borrowers by institution type (overall, collegiate, noncollegiate, public or private, two- or four-year, proprietary). Individual…

The University of Oregon's financial aid director describes the success of the Federal Direct Student Loan program in its first year at the institution. No significant program disadvantages were experienced, and its advantages included flexibility of administration, ease of data management with the servicer, decrease in office workload, and…

A study investigated the implementation costs of direct lending in 77 diverse colleges and universities, including both increases and decreases in institutional expenditures. Results indicate that start-up costs varied greatly, that the institution's loan volume was related to the cost and savings experienced, and that costs and savings were…

It is argued that public investment in student financial aid should be evaluated based on tax revenue returns resulting from the expenditure. A model for estimating tax revenue returns from gains in educational attainment attributable to student aid is developed, and impact of aid on access and persistence is examined. (Author/MSE)

A study analyzed characteristics of 392 University of Dayton (Ohio) students borrowing through the Perkins Loan Program to discover their relative impact on loan default behavior, and developed a model to help predict individual potential defaulters. Financial aid policy recommendations aimed at reducing default costs at the institution are…

This survey concludes that, overall, student debt has not caused most borrowers to make lifestyles changes nor regret their educational investment. Discussion analyzes borrower debt levels; payment-to-income and debt-to-income ratios; noneducation debt burden; student perceptions about borrowing and debt; effect of borrowing on decision making;…

Analysis of the evolution of the regulatory process in federal student aid looks at the ability of stakeholders to influence results and concerns about overregulation. Alternative regulatory approaches, considered less burdensome, are examined, and the appropriateness of using student financial aid policy to achieve social and political objectives…

A New York University study compared effects of the Direct Student Loan and Federal Family Education Loan programs on students, families, and campus administrators and of the programs' best practices. Some administrative challenges with dual program participation were found. Reactions to the programs were largely similar and positive, but…