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Financial Aid in Theory and Practice

Why It Is Ineffective and What Can Be Done About It
  • Andrew Gillen
Chapter

Abstract

The current financial aid system is broken in many respects. The most widely recognized flaw is that a convoluted application and distribution system prevents those who need aid the most from getting it. As a recent study from the Center for American Progress (Goldrick-Rab and Roksa 2008) noted, the “primary difficulty with current federal financial aid policy is that it is poorly understood by nearly all of its constituents.” This is indeed true, and reforms to address this issue are needed. But I believe that there are problems that are much more fundamental in nature, and that these problems lend considerable support to the view, as articulated by Ronstadt (2009), that “financial aid has morphed into a ‘debt for diploma’ system that fosters ever-rising tuitions, fees, and room-and-board charges.”

Keywords

Price Discrimination Student Loan State Appropriation High Tuition Tuition Revenue 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer New York 2010

Authors and Affiliations

  1. 1.Center for College Affordability and ProductivityWashingtonUSA

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