In the context of recent federal investigations and prosecutions of purported student financial aid price fixing, this article offers colleges and universities a model antitrust policy addressing financial aid, tuition, and faculty salaries. Specific guidelines on exchange of different types of data (historical, tuition information, salary levels,…

This article examines problems with the student loan program from an institutional perspective, in the context of reauthorization of the Higher Education Act of 1965. It raises questions for evaluating reform proposals; presents seven key principles for student loan reform; and offers suggestions for a pilot program addressing direct lending,…

Four general "fairness criteria" are presented for evaluating student financial aid award rules. Application to current Pell Grant rules indicated violation of two of the criteria. Recommendations include replacing the "percent-of-cost" rule with a "percent-of-need" standard, developing a broader class of rules, and evaluating budgetary effects of…

Textual analysis and statistical data are presented to support the contention that the current formula for providing federal financial aid to campuses serving low-income students (which is based on 1985 distribution patterns) penalizes states such as California which face demographic trends involving greatly increased numbers of needy students.…

It is argued that public investment in student financial aid should be evaluated based on tax revenue returns resulting from the expenditure. A model for estimating tax revenue returns from gains in educational attainment attributable to student aid is developed, and impact of aid on access and persistence is examined. (Author/MSE)