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ERIC Number: ED484235
Record Type: Non-Journal
Publication Date: 2004-Feb
Pages: 2
Abstractor: ERIC
Reference Count: 0
ISBN: N/A
ISSN: N/A
Increasing Need-Based Grant Aid Is the Most Efficient Way To Expand College Access. Illuminations: Highlighting Important Research in Postsecondary Education Access. New Agenda Series.
Lumina Foundation for Education
This two-page summary offers an overview of a "New Agenda Series" publication relating to need-based grant aid. The federal and state governments share the responsibility for providing access to postsecondary education. They do this through direct appropriations, student financial aid programs and other support for research and educational activities. For 3 decades, research has consistently shown the link between the availability of need-based grant aid and college enrollment, especially for low-income students and students of color. This Illuminations highlight summarizes the study, Expanding College Access: The Impact of State Finance Strategies. This study addresses the following question: What is the net impact of state finance strategies for higher education, especially the use of student financial aid and tuition levels, on college research? The researchers explore this question by examining data from all 50 states during the 1990s. Based on the results, the report proposes the following two policy options, either of which would serve to improve coordination between federal and state policies to finance college access: (1) states' need-based grant programs could meet a minimum "equity threshold" equal to one-quarter of a weighted average public tuition charge; and (2) officials could create a new federal-state partnership--a second-tier, need-based grant program in which a state's maximum award would equal the cost of public-college tuition in that state.
Lumina Foundation for Education, P.O. Box 1806, Indianapolis, IN 46206-1806. Tel: 800-834-5756 (Toll Free); Web site: http://www.luminafoundation.org.
Publication Type: Reports - Descriptive
Education Level: Higher Education
Audience: Policymakers
Language: English
Sponsor: N/A
Authoring Institution: Lumina Foundation for Education, Indianapolis, IN.