ERIC Number: ED025218
Record Type: RIE
Publication Date: 1968-Aug
Reference Count: 0
An Economic Analysis of College Scholarship Policy.
Owen, John D.
A national scholarship policy based on a cost-benefit analysis of the social value of education is proposed as one method for improving current patterns of allocating US college scholarships and tuition funds. A central college subsidy agency, operating on a limited budget, would be required to allocate funds according to the maximum overall social contributions of the students. Emphasis would be placed on present benefits to society rather than the student's future economic contributions. This policy would reduce present stress on intellectual ability as an important criterion for student subsidy, and include criteria such as family financial status, type of career best suited to student, and overall intellectual ability. The total cost of subsidizing a student would be covered by the funds paid directly to him as well as to the college where he is trained; colleges would be induced to provide their services at cost. Other considerations in awarding a scholarship would be the appropriateness of the selected college for the student's particular abilities and the amount of money he can contribute toward his education. The college would be selected by the student within limits set by the agency. This system would increase the current subsidy level and encourage an expansion of quality college education to include larger segments of the population. (WM)
Publication Type: N/A
Education Level: N/A
Sponsor: Office of Education (DHEW), Washington, DC. Bureau of Research.
Authoring Institution: Johns Hopkins Univ., Baltimore, MD. Center for the Study of Social Organization of Schools.