Tag: Financial Aid

Financial Aid: A 50 Year Review Of Effectiveness

Two well-regarded researchers have scanned 50 years of financial aid practice and research to “review what is known and what is not known about how well various student aid programs work,” they write. After outlining the history of financial aid and explaining the difficulty of evaluating which policies are effective and which aren’t, their paper offers four major lessons,


Colleges Spend More On Recruiting Students Than Aid For Needy Students

Stephen Burd| November
2011, Higher Ed Watch


According a recent U.S.
Department of Education report, higher education has reached a troubling
milestone: the country’s public and private four-year colleges are now
spending a greater share of their institutional aid dollars on trying to
attract the students they desire than on meeting the financial need of the
low- and moderate-income students they enroll.The report from the Education
Department’s National Center for Education Statistics provides the clearest
picture to date of how colleges, under the sway of enrollment management
consultants, have fundamentally changed the way they spend their
institutional aid dollars, to the detriment of low-income students. Fifteen
years ago, colleges primarily devoted their aid funds to making college
more-accessible and affordable for those with financial need. But in the
years since, colleges’ priorities have dramatically shifted. The report found
that by 2007-08, merit aid trumped need-based aid at these institutions