ERIC Number: ED425696
Record Type: Non-Journal
Publication Date: 1998-Nov
Reference Count: N/A
Do Grants Matter? Student Grant Aid & College Affordability.
Cunningham, Alisa Federico; O'Brien, Colleen
This report examines the relationship between grant assistance and overall college affordability by analyzing data, spanning two decades, from the U.S. Department of Education, the College Board, and other higher education organizations. It identifies the following key trends: (1) need-based grant awards are covering a decreasing percentage of the average price of attending college; (2) net prices have increased for most families in the 1990s, further indicating that the role of grant aid in keeping college affordable has been diminished; and (3) these trends have occurred despite the fact that need-based grant aid continues to be targeted toward students with "need." These trends are explained by the following additional findings: the total price of attending college has escalated in recent years; grants, especially at the federal level, have remained static as a proportion of all student aid awarded; and in the 1990s, the proportion of students receiving loans and the average loan amounts have grown faster than both the proportion of students receiving grants and the average grant amount. The paper urges greater financial support for grant aid at federal, state, and institutional levels. (Contains 27 references.) (DB)
Descriptors: Educational Finance, Financial Needs, Financial Support, Government Role, Grants, Higher Education, Need Analysis (Student Financial Aid), Paying for College, Student Financial Aid, Trend Analysis
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Publication Type: Reports - Evaluative
Education Level: N/A
Authoring Institution: Education Resources Inst., Boston, MA.; Institute for Higher Education Policy, Washington, DC.