Reinventing Financial Aid ― Charting a New Course to College Affordability

The nine chapters in this collection critique the existing higher education financial aid system and identify long-term reform efforts for educational opportunity and financial sustainability. After chapters on the history of the development of financial aid policy and the lack of research and development on aid programs, US economics, policy, and education scholars from universities examine contemporary efforts to rethink the design of financial aid programs, such as the Promise Programs that aid students who attend local public schools, performance-based scholarships, improving the loan repayment process using an income-based approach, and the use of technology to boost community college students' awareness of aid opportunities, as well as how federal aid policy affects the behaviors of individuals, states, and institutions, and revisions to the current incentive structure created by aid programs, the role of return on investment and managing risk, and whether to direct aid to institutions rather than students. Annotation c2014 Ringgold, Inc., Portland, OR (protoview.com)