Over the last century, Americans have formed a social contract with higher education through the development of and changes to student financial aid programs. These federal, state, and institutional programs are the manifestation of the value we place on who should and who does pay the costs of higher education. Grants versus loans and low-income…

This report presents recommendations concerning alternative strategies for providing elementary and secondary students with information needed for preparing and paying for higher education as well as the possible use of financial incentives to increase pupil motivation. The report analyzes information about existing California programs that seek…