The ever-expanding investigation into conflicts of interest between colleges and lenders continued to claim victims last week as two more universities settled with New York State's attorney general, and another fired its financial-aid director. Drexel University, the only institution that had said it would fight allegations over its student-loan…

Colleges would be required to give students information to help them shop around among loan providers under proposed changes in student-loan programs announced by the U.S. Department of Education. The proposed regulations represent the department's most significant response to date to the continuing controversy over conflicts of interest in the…

This report on the Guaranteed Student Loan (GSL) Program in the California community colleges discusses the repayment of student loans and recommends strategies for reducing default rates. Introductory material highlights the following trends: (1) financial aid programs for low-income students have failed to keep pace with demand; (2) by 1983,…

The Integrated Quality Control Measurement Project (IQCMP) of the U.S. Department of Education measured the quality of awards distributed during the 1988-89 award year under the three major Title IV programs: the Pell Grant program, the Campus-Based programs, and the Stafford Loan program, in order to evaluate and improve the quality of the…

This paper outlines the major issues to be considered, and the tasks to be undertaken, by the Advisory Committee on Student Financial Assistance's Subcommittee on Need Analysis and Delivery System. In particular, the subcommittee's plans to address the following three areas are described: (1) opportunities for further simplification and…

In response to Congressional request, this report compares the treatment of student financial aid applicants from farm families and non-farm families under two need-analysis formulae. Both the need-analysis methodology for Pell Grants and the Congressional Methodology (CM) for other federal aid calculate ability to pay as a function of income and…

Current laws relating to student financial aid in Florida, current Florida aid programs, and options for the future are reviewed. The following programs are reviewed in terms of statutory policy objectives: Florida Student Assistance Grant Program; Florida Tuition Voucher Program; Florida Academic Scholars Program; Community College Tuition…

A 1980 study conducted at Virginia Polytechnic Institute and State University sought to determine if the student expense budgets used by the financial aid office were congruent with the actual costs reported by its students and whether the use of secondary sources and national expense averages was a reliable method to use in budget construction.…

This article develops a model of household decision-making on educational participation. The model distinguishes between students and parents as decision-makers and assumes the capital market is inaccessible for financing an education. The implications of the model, problems of calculating compensating variation, and an illustrative case are…

Every eligible program, including graduate programs, must have a defined academic year. Award limits are generally connected to a period of time. For instance, all of the programs except Federal Work-Study have a maximum amount that can be awarded for an academic year or award year. This handbook is a resource for learning about Federal Student…

This document is a report of the audit of Higher Education Services Corporation's (HESC's) audit of the Tuition Assistance Program (TAP) at Nassau Community College (New York). A randomly selected sample of 200 out of 20,062 student TAP awards certified by the community college was reviewed and analyzed. Findings determine that the community…

The needs of the nontraditional learner, particularly access to postsecondary education, are not being met, and one barrier is unmet financial need. One solution is to increase the awareness of the nontraditional learner of alternative resources which may reduce his/her need and allow institutions to better allocate their funds. (MLW)

A study of 89 Basic Educational Opportunity Grants requiring validation disclosed some disheartening data: an overall total understatement of $54,982 in adjusted gross income and a total overstatement of $1,164 paid in U.S. income taxes. This data was compared to the institutional cost of the validation process. (MLW)

The findings of an annual report by the National Association of State Scholarship & Grant Programs, which each year surveys the state agencies responsible for student aid, calls spending increases in need-based aid for undergraduates "a very positive reversal of the slow growth rate" for such aid. (MLW)

This article examines the characteristics of low-income undergraduates and how they pay for college. It examines their financial need, describes the contribution of financial aid, and presents what is known about how they close the gap between their costs and the amount of aid they receive. (JM)