ERIC Number: ED060800
Record Type: RIE
Publication Date: 1971-Sep-14
Reference Count: 0
An Economic Analysis of Alternative Programs to Finance Higher Education.
Mathematica, Inc., Bethesda, MD.
The Federal government operates several programs that provide money, either as loans or as a combination of grants and loans, to students. This paper attempts to clarify the economic and budgetary implications associated with continuing these existing programs, and discusses the differing economic consequences that would follow if some alternative approaches were instituted. Examined first are the goals and public benefits of aid to higher education including economic development of the nation, defense and security, redressing social inequalities, and improvement of the quality of life. In the next section the principal Federal aid programs are discussed: Educational Opportunity Grants, College Work-Study, National Defense Student Loan, and Guaranteed Student Loan Programs. The budget implications of the current programs are contrasted in the next section by computing the costs to the Federal government, state government, institution, and student. The next section discusses the economic implications of the loan and grant programs, and the final section describes what some of the economic consequences may be for the proposed National Student Loan Association. In the appendix formulas are derived that compute the present value of loan costs. (Author/HS)
Publication Type: N/A
Education Level: N/A
Sponsor: Office of Program Planning and Evaluation (DHEW/OE), Washington, DC.
Authoring Institution: Mathematica, Inc., Bethesda, MD.