Since 1964, the Federal Work-Study (FWS) program has provided funds to subsidize the wages of student employees, but it has never been studied directly. I use an instrumental variables difference-in-difference framework with administrative data from West Virginia to identify causal effects, comparing eligible and ineligible students across…

Institutions across the country continue to ponder and evaluate strategies for aligning financial aid to complement their enrollment goals. Two Indiana University enrollment managers examine the purposeful application of institutional aid in financial aid packaging. In response to the debate about the of merit-based aid vs. the appropriate share…

Federal student aid is intended to play an integral part in fulfilling the promise of greater academic access and success for less affluent students. However, many experts have expressed concern about the length and complexity of the Free Application for Federal Student Aid (FAFSA) and the statutory need analysis formula used to determine aid…

Federal student aid is intended to play an integral part in fulfilling the promise of greater academic access and success for less affluent students. However, many experts have expressed concern about the length and complexity of the Free Application for Federal Student Aid (FAFSA) and the statutory need analysis formula used to determine aid…

Book vouchers serve as one component of need-based financial aid packages at the College of Southern Nevada (CSN), one of the nation's largest community colleges. This study compared the academic performance of Free Application for Federal Student Aid (FAFSA) applicants in attendance at CSN during the 2008-09 and 2009-10 academic years. A basic…

Secondary school education is very critical in any education system because of the crucial role, it plays in catalyzing national development. Consequently, maintaining a high student enrolment at this level should be a priority for all countries. The Constituency Bursary Fund (CBF) was established by the government of Kenya through an act of…

College officials worry that too many of their peers use merit aid to "buy" students whose test scores will burnish their institutions' rankings in "U.S. News & World Report." In fact, the debate about financial aid on today's campuses has led to the near vilification of merit aid. The lament is that money is often diverted…

In this paper, we use economic concepts to examine the choice that states make between giving appropriations to public colleges or need-based financial aid to students. We begin by reviewing the economic justification for state support for higher education. Next, we introduce a simple economic model for comparing and contrasting appropriations and…

Using data from the 1995-96, 1999-2000, 2003-04, and 2007-08 administrations of the National Postsecondary Student Aid Study, these tables focus on trends in the receipt of federal Pell Grants and among Pell Grant recipients. Data include the percentages of Pell Grant recipients and the average Pell Grant received each survey year. Also shown are…

In the context of a theoretical model of expected profit maximization, this paper shows how historic institutional data can be used to assist enrollment managers in determining the level of financial aid for students with varying demographic and quality characteristics. Optimal tuition pricing in conjunction with empirical estimation of…

Every year millions of students and families sit around their kitchen tables and grapple with how they are going to pay for college. All too often they approach what may be the most important financial decision of their lives armed with incomplete, confusing, or inaccurate information about their options. College financial aid offices have a…

Students at a college or university who receive need-based financial aid, receive a tremendous financial resource compared to those students who do not receive need based financial aid. A sample of 100 students from various backgrounds and skills were surveyed. The survey asked questions of the two student groups: received need based financial aid…

According to the American Council on Education, more than 1 million community college students failed to receive financial aid for which they were likely eligible. This is a startling statistic. Given that financial aid is such a critical determinant of college-going and that academic counselors are among students' most important advocates,…

Paying for college is a challenge for many Americans and navigating the financial aid process can be very difficult, especially for low-income and first-generation college students. The College Board commissioned research to learn more about students' and parents' knowledge, beliefs and attitudes about the importance of a college education and how…

The writer discusses the challenges faced by financial aid directors. Determining how much families can pay for college has become more complex as the very definition of family has evolved. A growing number of students are coming from nontraditional families, and many college officials are scrambling to accurately evaluate their financial…