Student loan debt is fast becoming a fact of American life. Students are borrowing more money for college and are being forced to pay back large sums of their income. This report offers a new way to pay back student loans based on each individual's earnings. International Income-Contingent Loan Systems are appended. (Contains 1 figure and 40…

The British system of student loans has a zero real rate of interest, less than it costs the government to borrow the money. This paper discusses the problems that arise from interest subsidies in the UK system of student loans; systems in other countries, for example Australia and New Zealand, face similar problems. The topic appears to be narrow…

Discusses questions concerning the tax status of scholarship and fellowship grants that continue to plague grantors, the grant recipients, and the United States Treasury. (Author/PG)

This paper provides a model of optimal financial aid policies for a selective university. The model implies that the financial aid package to be offered to each category of admitted applicants depends on the elasticity of the fraction who accept offers of admission with respect to the financial aid package offered them. (Author/SSH)

This study reviews the financial soundness of the Perkins Loan Program, a federal program that provides low-interest loans to financially needy students through postsecondary institutions, and identifies ways to make the Perkins program less financially dependent on additional federal appropriations to cover operating costs and default losses.…

This book presents papers from a national symposium conducted by the Forum for College Financing, offering a perspective on how higher education institutions will finance their operations in the future and the challenges that lay ahead. A paper by Richard Anderson and Joe Meyerson, "A Changing National Environment," introduces the other papers in…

Recent attempts of the British government to shift its student aid programs from grants to loans are discussed, along with parallels between developments in student aid policy in both Britain and the United States. Great Britain's higher education structure, access to education, and enrollments are briefly described. In Britain over 90 percent of…