Data from all 2010-2011 undergraduate students, who received a Pell Grant disbursement at Kentucky's two-year and four-year public institutions, were used to simulate the eligibility changes to the Pell Grant program in the Consolidated Appropriations Act of 2012 and from the termination of year-round Pell. Specifically, these changes: a) the…

Completing the Free Application for Federal Student Aid (FAFSA) is the first and most important step for students to receive their portion of the billions of grant aid dollars disbursed in federal student financial aid; however, every year many low income and community college students fail to complete the FAFSA. Over the past twenty years,…

This study examined the use of education tax credits at four community colleges using data from the Federal Quality Assurance Program in 1998, the first year of the HOPE Scholarship and Lifetime Learning Tax Credit (LLTC). Preliminary estimates indicated that the two tax credits were expected to primarily benefit middle-income tax filers with…

For several decades, education has assumed a vital role in this country's economic, social, and political development, catapulting less advantaged citizens into higher social classes and the political process. A testament to education's fundamental importance in our society are the numerous programs designed during the 1960s to eliminate the…

Analyzed data from the 1992-93 and 1995-96 National Postsecondary Student Aid Study (NPSAS) and found that the 1992 amendments to the Higher Education Act were associated with an increased tendency to borrow at the federal limit, particularly among undergraduates from middle-income families. (EV)

Discussion of the need for the Perkins Loan Program examines recent trends in borrowing under this and the Stafford Loan Program, comparing demographic characteristics, income levels, educational costs, and financial-need levels of loan recipients. It is concluded that the Perkins program continues to play a vital role in providing need-based aid…

This survey concludes that, overall, student debt has not caused most borrowers to make lifestyles changes nor regret their educational investment. Discussion analyzes borrower debt levels; payment-to-income and debt-to-income ratios; noneducation debt burden; student perceptions about borrowing and debt; effect of borrowing on decision making;…

Examines the total direct and indirect effects of receiving financial aid on persistence to degree using a subsample of 1989 freshmen from the Beginning Postsecondary Student Survey. Analysis shows that although simply receiving financial aid is unrelated to persistence, the effects of financial aid on persistence appear to depend on type and…

A study of graduate and professional student within-year persistence, based on the 1993 National Postsecondary Student Aid Study, compared three models of the impact of financial aid on persistence. It was found that financial aid significantly and positively influenced within-year persistence, with comprehensive aid packages having the greatest…

A New York University study compared effects of the Direct Student Loan and Federal Family Education Loan programs on students, families, and campus administrators and of the programs' best practices. Some administrative challenges with dual program participation were found. Reactions to the programs were largely similar and positive, but…

A study investigated the implementation costs of direct lending in 77 diverse colleges and universities, including both increases and decreases in institutional expenditures. Results indicate that start-up costs varied greatly, that the institution's loan volume was related to the cost and savings experienced, and that costs and savings were…

Analysis of the income-contingent repayment mechanism of the federal direct lending program suggests that it will be considerably more expensive than other repayment options in total interest costs for many; lead to hefty tax liabilities for some; be administratively cumbersome, vulnerable to fraud and abuse, and costly to taxpayers; and invite…

Comparison of federal need-analysis formulas for student financial aid in 1992-93 and 1993-94 focused on elimination of home/farm equity from calculations, parent contributions, and Pell Grant awards. Results suggest higher unmet need and lower Pell Grant awards, and imply that the most needy students may lose gift assistance to more affluent…

A study analyzed characteristics of 392 University of Dayton (Ohio) students borrowing through the Perkins Loan Program to discover their relative impact on loan default behavior, and developed a model to help predict individual potential defaulters. Financial aid policy recommendations aimed at reducing default costs at the institution are…

Implications for future generations of college loan program changes are examined. The idea of who should pay for college is explored from the perspective of economic theory. It is concluded that new loan programs must be monitored carefully so they do not shift the burden of college payment from parents to students. (MSE)