This review explores the expanding role of federal aid policy considered from a contemporary and social justice perspective. It highlights recent trends in aid policy as well as difficulties that arise from the current system. Next, the review takes up an analysis of current aid policy that carefully considers equity and efficiency as primary…

Student employment subsidies are one of the largest types of federal employment subsidies, and one of the oldest forms of student aid. Yet it is unclear whether they help or harm students' long term outcomes. We present a framework that decomposes overall effects into a weighted average of effects for marginal and inframarginal workers. We then…

Student employment subsidies are one of the largest types of federal employment subsidies, and one of the oldest forms of student aid. Yet it is unclear whether they help or harm students' long term outcomes. This document contains the appendices to the report "Should Student Employment Be Subsidized? Conditional Counterfactuals and the…

This description of federal compensatory education programs for the economically disadvantaged was prepared for the Organization for Economic Cooperation and Development's review of national education policies. As background, the report first describes the U.S. educational system, the social and educational changes since 1954 that gave rise to…

This guide is intended as a self-evaluation questionnaire for those institutions conducting internal reviews of financial aid programs and of their compliance with federal regulations. It addresses recommended good administrative practices with a view to minimizing incidents of misrepresentation and providing a clear audit trail. Title IV programs…

Analysis of data on student financial aid from a variety of sources is reported and shows that the funding levels for all financial aid programs have increased substantially in recent years. This is especially true for Basic Educational Opportunity Grants, which have become an important factor in equalizing educational opportunity. However, the…

This discussion of how the effectiveness of federal student aid can be evaluated is framed in terms of three questions: (1) Has federal student aid expanded educational opportunity; that is, has it encouraged the enrollment and broadened the educational choices of disadvantaged students? (2) Has federal student aid made the distribution of higher…