An alternative system is proposed for college students: provide grants in the freshman year, reduce grants and small loans in the second, introduce work-study in the third along with reduced grants and loans, and further increase loan and reduce the grant with work-study in the fourth year. (MSE)

This review of the connection between student financial aid and student access to and success in higher education draws on existing research on these issues and makes recommendations for national policy on student aid and higher education. The resulting recommendations are: (1) create a new federal strategy, the College Success Program (CSP) that…