Reinventing financial aid : charting a new course to college affordability

Author(s)

• Kelly, Andrew P
• Goldrick-Rab, Sara

Bibliographic Information

Reinventing financial aid : charting a new course to college affordability

edited by Andrew P. Kelly and Sara Goldrick-Rab

（The educational innovations series）

Harvard Education Press, c2014

• : Library ed.
• : pbk

Note

"Foreword by Martha J. Kanter"--Cover

Includes bibliographical references (p. 225-256) and index

Description and Table of Contents

Description

In this provocative volume, two experts with very different points of view address the growing concern that student loan programs are not a sustainable solution to the problem of mounting college costs. They argue that the time has come to reform the financial aid system so that it is more effective in promoting college affordability, access, and completion. Reinventing Financial Aid provides a thorough critique of the existing financial aid system and identifies the challenges of reform. It presents a host of innovations designed to improve grant and loan programs and the processes by which students access them. Pushing past current debates, it also challenges leaders to think more boldly about policy design, examine the assumptions and incentives embedded in the current system, and lay the groundwork for a fundamental rethinking of student aid programs. While the editors agree that bold new thinking on financial aid policy is needed, they do not aim for consensus. Instead, they have leveraged their differences to flesh out important tensions, trade-offs, and areas of common ground that emerge from innovative approaches to reform. The result is a volume that serves as a counterpoint to the incremental approach to financial aid reform that has led to record tuition levels, growing student debt, and increasing doubts about the value of a college education.

Table of Contents

CONTENTS Foreword vii Martha J. Kanter Introduction 1 Andrew P. Kelly and Sara Goldrick-Rab 1 Designing Research to Provide the "Actionable Knowledge" Needed to Improve Student Aid Program PerformanceD 13 David S. Mundel 2 The Politics of Student Aid 33 Daniel Madzelan 3 The Promise of "Promise" Programs 55 Rodney J. Andrews 4 From FAFSA to Facebook 75 The Role of Technology in Navigating the Financial Aid Process Regina Deil-Amen and Cecilia Rios-Aguilar 5 Incentivizing Success 101 Lessons from Experimenting with Incentive-Based Grants Lashawn Richburg-Hayes 6 Reforming Repayment 127 Using Income-Related Loans to Reduce Default Nicholas W. Hillman 7 Rethinking Institutional Aid 149 Implications for Affordability, Access, and the Effectiveness of Federal Student Aid Lesley J. Turner 8 Managing Risk, Reaping Reward 171 The Case for a Comprehensive Income-Based Student Loan System Stephen Crawford and Robert Sheets 9 Making College Affordable 191 The Case for an Institution-Focused Approach to Federal Student Aid Sara Goldrick-Rab, Lauren Schudde, and Jacob Stampen Conclusion 207 Andrew P. Kelly and Sara Goldrick-Rab Notes 225 Acknowledgments 257 About the Editors 259 About the Contributors 261 Index 267

by "Nielsen BookData"

Details

• NCID: BB21134877
• ISBN:
  • 9781612507156
  • 9781612507149
• LCCN: 2014935204
• Country Code: us
• Title Language Code: eng
• Text Language Code: eng
• Place of Publication: Cambridge, Mass.
• Pages/Volumes: xi, 278 p.
• Size: 23 cm
• Classification:
  • LCC : LB2337.4
• Subject Headings:
  • LCSH : Student aid -- United States
  • LCSH : College costs -- United States
• Parent Bibliography ID:
  • BB03792234