The distribution of student financial aid funds at the state level is described and some of the variables that are associated with the allocation of funds from the different programs are identified. This paper is divided into several sections. The first reviews the work done on measures of educational opportunity and analyzes the shortcomings of…

A study of loan availability in Michigan through the federal Guaranteed Student Loan Program outlines the evolution of federal lending programs for college students and describes program characteristics, funds, costs, defaults, and funding systems. The situation for borrowers and lenders in the state and its regions is examined, including…