The use of merit criteria in awarding institutional aid has grown considerably and, some argue, is supplanting need as the central factor in awarding aid. Concurrently, the accountability movement in higher education has placed greater emphasis on retention and graduation as indicators of institutional success and quality. In this context, this…

Doctoral programs in the humanities and humanistic social sciences contend with relatively lower graduation rates and longer duration to degree. While reforming graduate education can include changes to financial aid awards and program requirements, enhancements in the area of advising can also improve student educational experiences and outcomes…

Based on 22 focus groups conducted at institutions located in a Midwestern metropolitan region, this study explores working, commuting and adult-learner college students' implicit theories about financial aid policy and seeks to understand how students make sense of their own experiences in paying for college. The institutions participating…

Despite record student debt and the growing importance of graduate education, little is known about what drives graduate student borrowing. In response to that research gap, this study draws on several national data sources to analyze the patterns and predictors of education-related debt among graduate students specifically. Adjusted Wald tests…

Relatively few students in selective colleges come from disadvantaged backgrounds, so the rewards of attending such schools go mainly to those already advantaged from birth. There is substantial variation in those colleges' socioeconomic composition, however. Some selective private institutions proportionately enroll five times as many…

This article proposes a new paradigm to understand recent government policies that pose new barriers to student participation and divert students out of public higher education. We explain how the classic diversion paradigm, exemplified by Clark (1960) and Brint and Karabel (1989), is unable to account for this new form of student diversion. We…

Latinos' college enrollment rates, particularly in four-year institutions, have not kept pace with their population growth in the United States. Using three-level hierarchical generalized linear modeling, this study analyzes data from the Educational Longitudinal Study (ELS) to examine the influence of high school and state contexts, in addition…

The main objective of this study is to identify differences in the freshman financial aid packages of low-income, high-achieving minority students in public and private institutions. Our results suggest that private and selective institutions can offer better financial aid packages that enable them to recruit higher numbers of low-income,…

Using a regression discontinuity design, we investigate whether a merit-based financial aid program has a causal effect on the first-year grade point average of first-time out-of-state freshmen at the University of Oregon. Our results indicate that merit-based financial aid has a positive and significant effect on first-year collegiate grade point…

The question of how states can best use financial policy to achieve their goals is very important for many higher education stakeholders. In this study, the authors use panel data for all 50 states over a 20-year period to examine how state appropriations, need-based grants, and merit-based grants affect student enrollment in college and whether…

In recent years, growing numbers of four-year institutions have implemented a new type of need-based financial aid policy directed toward low- and middle-income students. These initiatives--referred to here as Loan Replacement Grant (LRG) programs--greatly reduce or eliminate loans in student aid awards and replace them with grants. This paper…

This study investigates the impact that different financial aid packages have on student stopout, reenrollment, and graduation probabilities. The authors simulate how various financial aid packaging regimes affect the occurrence and timing of these events. Their findings indicate that the number and duration of enrollment and stopout spells affect…

A surprising amount of litigation and legislation has erupted over undocumented college students. Victims at the federal level are the DREAM Act and immigration reform. Financial aid raises technical issues for undocumented college applicants and for the citizen children of undocumented parents. Generally, the undocumented are ineligible for…

This article highlights the problem of omitted variable bias in research on the causal effect of financial aid on college-going. I first describe the problem of self-selection and the resulting bias from omitted variables. I then assess and explore the strengths and weaknesses of random assignment, multivariate regression, proxy variables, fixed…

Rising tuition has led many states to offer college prepaid tuition plans. These plans are consistent with the trend in higher education policy toward meeting the needs of wealthier households. The paper argues that the public interest in these plans is hard to find; moreover, median voter theory suggests that prepaid tuition plans may have the…