Do Grants Matter? [electronic resource] : Student Grant Aid & College Affordability / Alisa Federico Cunningham and Colleen O'Brien.

This report examines the relationship between grant assistance and overall college affordability by analyzing data, spanning two decades, from the U.S. Department of Education, the College Board, and other higher education organizations. It identifies the following key trends: (1) need-based grant a...

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Bibliographic Details
Online Access: Full Text (via ERIC)
Main Author: Cunningham, Alisa Federico
Corporate Authors: Education Resources Institute (Boston, Mass.), Institute for Higher Education Policy
Other Authors: O'Brien, Colleen
Format: Electronic eBook
Language:English
Published: [S.l.] : Distributed by ERIC Clearinghouse, 1998.
Subjects:

MARC

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100 1 |a Cunningham, Alisa Federico. 
245 1 0 |a Do Grants Matter?  |h [electronic resource] :  |b Student Grant Aid & College Affordability /  |c Alisa Federico Cunningham and Colleen O'Brien. 
260 |a [S.l.] :  |b Distributed by ERIC Clearinghouse,  |c 1998. 
300 |a 39 p. 
500 |a ERIC Document Number: ED425696. 
500 |a Availability: The Education Resources Institute, 330 Stuart St., Suite 500, Boston, MA 02116-5237; Tel: 800-255-TERI, ext. 4762 (Toll-Free); Fax: 617-451-9425; Web site: http://www.teri.org (free).  |5 ericd. 
520 |a This report examines the relationship between grant assistance and overall college affordability by analyzing data, spanning two decades, from the U.S. Department of Education, the College Board, and other higher education organizations. It identifies the following key trends: (1) need-based grant awards are covering a decreasing percentage of the average price of attending college; (2) net prices have increased for most families in the 1990s, further indicating that the role of grant aid in keeping college affordable has been diminished; and (3) these trends have occurred despite the fact that need-based grant aid continues to be targeted toward students with "need." These trends are explained by the following additional findings: the total price of attending college has escalated in recent years; grants, especially at the federal level, have remained static as a proportion of all student aid awarded; and in the 1990s, the proportion of students receiving loans and the average loan amounts have grown faster than both the proportion of students receiving grants and the average grant amount. The paper urges greater financial support for grant aid at federal, state, and institutional levels. (Contains 27 references.) (DB) 
650 0 7 |a Educational Finance.  |2 ericd. 
650 0 7 |a Financial Needs.  |2 ericd. 
650 0 7 |a Financial Support.  |2 ericd. 
650 0 7 |a Government Role.  |2 ericd. 
650 1 7 |a Grants.  |2 ericd. 
650 0 7 |a Higher Education.  |2 ericd. 
650 0 7 |a Need Analysis (Student Financial Aid)  |2 ericd. 
650 0 7 |a Paying for College.  |2 ericd. 
650 1 7 |a Student Financial Aid.  |2 ericd. 
650 0 7 |a Trend Analysis.  |2 ericd. 
700 1 |a O'Brien, Colleen. 
710 2 |a Education Resources Institute (Boston, Mass.) 
710 2 |a Institute for Higher Education Policy. 
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