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Redesigning the Financial Aid System: Why Colleges and Universities Should Switch Roles with the Federal Government » (New Edition)

Book cover image of Redesigning the Financial Aid System: Why Colleges and Universities Should Switch Roles with the Federal Government by Robert B. Archibald

Authors: Robert B. Archibald
ISBN-13: 9780801871238, ISBN-10: 0801871239
Format: Hardcover
Publisher: Johns Hopkins University Press
Date Published: December 2002
Edition: New Edition

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Author Biography: Robert B. Archibald

Robert B. Archibald is professor of economics and director of the Thomas Jefferson Program in Public Policy at the College of William and Mary.

Book Synopsis

Archibald examines the history of the system and its current flaws, making a radical proposal for changing the structure of the system: the federal government would assess a student's financial need and provide need-based grants, while institutions would be responsible for guaranteeing student loans.

Table of Contents

List of Tables and Figures
Preface and Acknowledgments
1Introduction1
2The History of Financial Aid in the United States21
3The Financial Aid System: How It Works and How Well It Works49
4Theoretical Considerations: Access, Choice, Affordability, and Merit75
5Institutionally Funded Grants87
6Federal Loan Guarantees122
7Eligibility for Financial Aid and Other Redesign Issues139
8Evaluating the Redesign Proposals156
9On Political Feasibility177
10Final Thoughts: Facing Trade-offs195
Notes209
References223
Index231

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