Analysis of data on student financial aid from a variety of sources is reported and shows that the funding levels for all financial aid programs have increased substantially in recent years. This is especially true for Basic Educational Opportunity Grants, which have become an important factor in equalizing educational opportunity. However, the…

This study is based on the assertion that it is not enough for student aid programs to facilitate attendance at, and even graduation from, a postsecondary institution because the very means used may have a negative impact on students who benefitted from such aid. While student aid may equalize college attendance across students, it may not promote…