
The Student Aid Game
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McPherson and Schapiro offer a detailed look at how undergraduate education is financed in the United States, highlighting differences across sectors and for students of differing family backgrounds. They review the implications of recent financing trends for access to and choice of undergraduate college and gauge the implications of these national trends for the future of college opportunity. The authors examine how student aid fits into college budgets, how aid and pricing decisions are shaped by government higher education policies, and how competition has radically reshaped the way colleges think about the strategic role of student aid. Of particular interest is the issue of merit aid. McPherson and Schapiro consider the attractions and pitfalls of merit aid from the viewpoint of students, institutions, and society.
The Student Aid Game concludes with an examination of policy options for both government and individual institutions. McPherson and Schapiro argue that the federal government needs to keep its attention focused on providing access to college for needy students, while colleges themselves need to constrain their search for strategic advantage by sticking to aid and admission policies they are willing to articulate and defend publicly.
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Content
- Cover Page
- Title Page
- Copyright Page
- Dedication Page
- Contents
- Figures and Tables
- Foreword
- Acknowledgments
- Part One: Introduction
- 1. Meeting Need and Rewarding Talent
- 2. Changing the Rules
- Part Two: Student Aid and Educational Opportunity: Are We Keeping College Affordable?
- 3. Prices and Aid
- 4. Access
- 5. Choice
- 6. The Future of College Affordability
- Part Three: Student Aid and Institutional Strategy
- 7. Student Aid in Institutional Finance
- 8. How Government Aid Shapes Colleges' Behavior
- 9. Student Aid as a Competitive Weapon
- Part Four: The Special Case of Merit Aid
- 10. Merit Aid
- 11. The Institutional Perspective
- 12. The Student Perspective
- 13. Conclusion
- Part Five: The Future of Student Aid
- 14. Where Do We Go from Here?
- Notes
- Bibliography
- Index
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