The college financial aid system imposes an implicit asset tax that is prevalent and substantial. Facing this tax, rational families should reduce their total assets and shelter assets in protected categories. I find that the tax induces a 7-12% reduction in total assets, a result in line with the literature. Furthermore, I find evidence that…

As an enterprise that relies heavily on state funding, public higher education has long seen its support rise and fall with the boom-and-bust cycle of the economy. This chapter examines how the University System of Maryland repositioned itself as a state system able to thrive in an era of permanently diminished resources and perpetually escalating…

Many people in higher education think that "values talk" should be reserved for important ceremonial occasions, like commencements and reunions, or for remarks after a major scandal. In their view, values should take a back seat to the pragmatic reality of empirical evidence. But, in reality, every interesting problem of policy or practice depends…

This book offers a national view of trends and statistics related to today's community colleges. The new edition includes completely revised text as well as updates to charts and tables on topics such as enrollment, student outcomes, population, curriculum, faculty, workforce, and financial aid. Informative narrative introduces and provides…

The UK government wishes to increase participation in higher education to 50%, with a key target group being students from 'non-traditional' backgrounds. At the same time, top-up fees have been introduced. Following the fierce parliamentary debates which threatened to derail the passage of the Higher Education Bill 2004, an amendment was…

Examined data from the 2001 Survey of Undergraduate Financial Aid Policies, Practices, and Procedures. Findings included that all institutional types, even low-cost community colleges, have awarded a large share of their institutional grants based on students' academic merit or other criteria besides their demonstrated financial need, but that…

The purpose of the Federal Supplemental Educational Opportunity Grant Program (FSEOG) is to encourage schools to provide grants to exceptionally needy undergraduate students to help pay for postsecondary education. This volume provides information about the FSEOG eligibility and payments. The chapters are: (1) "Participation, Fiscal…

In response to Fischer (HE 527 626), the author considers a proposal to simplify need analysis in Pell grants and other federal need-based student aid as having merit but threatening serious financial harm to many current Pell grant recipients and their institutions. It is argued that focus on budgetary advantages ignores potential dislocations…

In response to Fischer (HE 527 626), the author considers a proposal to simplify and unify need analysis in Pell grants and other federal need-based student aid as appropriate. It is also argued that a single need analysis is needed because the complexity of the existing systems is a barrier to achieving the programs' central goal. (MSE)

Explores how a dispute between the U.S. Department of Education and Saint Louis University over alleged misuse of professional judgment in the awarding of over 2,000 Pell grants could change how campus officials handle students' financial aid requests. (EV)

Student financial aid grants often fall short of amounts suggested by standard needs analysis systems, creating "unmet need," which some students try to offset with employment earnings. This study indicates that employed aid recipients can often offset unmet need, while nonworking recipients are at a financial disadvantage. Includes five tables,…

Examined whether there is evidence of gender bias in the awarding of institutional aid to students, controlling for academic ability and need. Found no direct evidence of bias when examining the relationship between student characteristics and aid, but when examining institutional characteristics, indirect implications suggested that gender was…

In response to Fischer (HE 527 626), the author considers his proposal to simplify need analysis in Pell grants and other federal need-based student aid as ignoring important considerations. It is suggested that a single formula will be difficult to derive until a coherent philosophy of needs analysis and specific current purpose for the grant…

Four general "fairness criteria" are presented for evaluating student financial aid award rules. Application to current Pell Grant rules indicated violation of two of the criteria. Recommendations include replacing the "percent-of-cost" rule with a "percent-of-need" standard, developing a broader class of rules, and…

Reports evidence that the federal government's three campus-based student aid programs are no longer serving needy students well, but rather benefit a select group of institutions. Urges changing the 20-year-old financial aid formula to better reflect changing college demographics. Contrasts aid received by students attending the University of…