In this essay, we explore the importance of state financial aid programs for both states and the students they serve. Effective state financial aid policy benefits from rigorous research that engages partners from a variety of roles, such as state agencies, legislative staff, and intermediary organizations. It also benefits from the engagement of…

Access to financial aid is dependent on a variety of factors, including the time of application; the earlier students apply for financial aid, the greater their access to institutional and often state resources. We use the Illinois Monetary Award Program (MAP) as a case for investigating the economic, social, and academic factors that affect…

In 2006, Michigan changed their traditional merit award to a credit contingent program based upon successful completion of 60 college credits. The Michigan Promise Scholarship was crafted by state policymakers without input from the financial aid community. This case study suggests that the change in policy resulted in two unintended consequences:…

The student financial aid mechanism has been considered the form of subsidy more likely to provide both access and choice since it can target aid to students most in need of it and lets student choose the college of their choice. The Tuition Assistance Program in New York is discussed. (MLW)

State-sponsored programs that seek to attract college students to teaching by paying off a portion of their student loans for each year they teach are reviewed and discussed. (MSE)

A study of student borrowing in the Indiana Guaranteed Student Loan Program focused on impacts of loan amounts on college choice and other sources of student support. Findings related to family income levels and loan amounts, public versus private college choice and aid packages, student decision making, and student costs. Recommendations are made…