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ERIC Number: EJ941306
Record Type: Journal
Publication Date: 2011
Pages: 45
Abstractor: As Provided
Reference Count: 55
ISSN: ISSN-0162-5748
A Typology of Institutional Loan Replacement Grant Initiatives for Low- and Moderate-Income Students
Lips, Adam Joseph Argaylis
Review of Higher Education, v34 n4 p611-655 Sum 2011
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 establishes a LRG definition, summarizes 64 currently active programs, then classifies them according to a typology developed through an analysis of programmatic characteristics, producing eight distinct types. Presentation of the LRG definition, program specifics, and typology act to organize these proliferating need-based initiatives and will facilitate future research. (Contains 4 tables and 1 footnote.)
Johns Hopkins University Press. 2715 North Charles Street, Baltimore, MD 21218. Tel: 800-548-1784; Tel: 410-516-6987; Fax: 410-516-6968; e-mail:; Web site:
Publication Type: Information Analyses; Journal Articles; Reports - Evaluative
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A