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Long, Bridget Terry – Federal Reserve Bank of Boston, 2007
The returns to college are substantial, including increased earnings and public benefits, such as better health and increased involvement in public service and giving. As a result, since the introduction of the Guaranteed Student Loan program in 1965 and the Pell Grant in 1972, the federal government has experimented with using financial aid to…
Descriptors: Higher Education, Financial Needs, Consumer Economics, Program Effectiveness