An increase of over 100% in program expenditures for the Pell Grant program over a five year period of time, from $14.7 billion in the 2007-08 award year to $33.4 billion in the 2011-12 award year, places an otherwise popular program under scrutiny. This article considers the factors and options informing federal policy related to the Pell Grant…

How do colleges and universities spend their money? To most, it's a black box. The public looks at tuitions, states look at appropriations, trustees look at the endowment, and department managers look at their budgets. How colleges actually spend their money is barely understood by the general public and even many policy makers. In the current…

Using national data from various sources, this study investigates the influence of financial aspects of state higher education policy on college completion. It found that college completion is positively associated with total state grants as a percentage of appropriations of state tax funds for operating expenses of higher education and state…