Financial Aid in Theory and Practice
Publication Date: April 2009
Publisher(s): Center for College Affordability and Productivity
Author(s): Andrew Gillen
Keywords: Financial Aid; Higher Education
Coverage: United States
Financial aid programs are supposed to improve access and affordability in higher education. The effectiveness of these programs is increasingly being questioned as college attainment figures stagnate and the financial burden on students and families continues to climb year after year. This report identifies the main culprit for this unsatisfactory state of affairs as a misunderstanding of the effect of financial aid on schools.