Overview

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.

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9781612507149

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Reviews

In Reinventing Financial Aid, Andrew P. Kelly and Sara Goldrick-Rab present a variety of perspectives and insights on ways to improve the effectiveness of student aid funding. They highlight the need to question assumptions, test ideas, and rigorously research what works and what does not, so as to identify and avoid the unintended consequences of well-intended policies. Mark Kantrowitz, senior vice president and publisher, Edvisors.com

In""Reinventing Financial Aid,"" Andrew P. Kelly and Sara Goldrick-Rab present a variety of perspectives and insights on ways to improve the effectiveness of student aid funding. They highlight the need to question assumptions, test ideas, and rigorously research what works and what does not, so as to identify and avoid the unintended consequences of well-intended policies. Mark Kantrowitz, senior vice president and publisher, Edvisors.com"" Andrew P. Kelly and Sara Goldrick-Rab shine a bright light on the need for wholesale reform of the federal student aid system and the lack of proven interventions and empirically based student aid solutions that can help achieve the student outcomes we desire. Diane Auer Jones, former assistant secretary for postsecondary education, U.S. Department of Education "" This is an important book that holds great promise in shaping student aid policy for the twenty-first century. It is especially instructive that its two editors have found common ground form opposing points of view on their topic to produce this book. Would that our nation s political and policy leaders might follow their example. From the foreword byMartha J. Kanter, under secretary of education (2009-2013), U.S. Department of Education ""

In Reinventing Financial Aid, Andrew P. Kelly and Sara Goldrick-Rab present a variety of perspectives and insights on ways to improve the effectiveness of student aid funding. They highlight the need to question assumptions, test ideas, and rigorously research what works and what does not, so as to identify and avoid the unintended consequences of well-intended policies. Mark Kantrowitz, senior vice president and publisher, Edvisors.com Andrew P. Kelly and Sara Goldrick-Rab shine a bright light on the need for wholesale reform of the federal student aid system and the lack of proven interventions and empirically based student aid solutions that can help achieve the student outcomes we desire. Diane Auer Jones, former assistant secretary for postsecondary education, U.S. Department of Education This is an important book that holds great promise in shaping student aid policy for the twenty-first century. It is especially instructive that its two editors have found common ground form opposing points of view on their topic to produce this book. Would that our nation s political and policy leaders might follow their example. From the foreword byMartha J. Kanter, under secretary of education (2009-2013), U.S. Department of Education

Author Information

Andrew P. Kelly is a resident scholar in education policy studies and director of the Center on Higher Education Reform at the American Enterprise Institute. Sara Goldrick-Rab is a professor of educational policy studies and sociology at the University of Wisconsin-Madison, USA.

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