Using a multi-method approach involving fixed effects and logistic regressions, this study examined the effect of the Oklahoma's Promise Program on student persistence in relation to the Pell and Stafford federal programs and according to socio-economic characteristics and class level. The Oklahoma's Promise is a hybrid state program that pays…

Over the past few decades, the cost of tuition, room, and board for undergraduate students has increased, making it more difficult for some students and families to afford the cost of college. While students have historically relied on federal loans and grants and family contributions to pay for college, a growing number have turned to private…

A growing body of empirical evidence shows that some financial aid programs increase college enrollment. Puzzlingly, there is little compelling evidence that Pell Grants and Stafford Loans, the primary federal student aid programs, are effective in achieving this goal. In this paper, we provide an in-depth review of this evidence, which taken as a…

An analysis of the federal Stafford Student Loan Program summarizes its successes, limitations, and numerous problems and explains why reform has not yet occurred. A policy stalemate in Congress, lack of a well-developed reform alternative, and newly professionalized and mobilized interest groups are seen as making change unlikely. (Author/MSE)