Argues that increased federal regulation in the name of accountability will diminish the quality and innovative capacity of higher education. Examines pending litigation that would automatically subject a college to federal regulation if its students accept federal aid and thus become "conduits" of federal assistance to the institution.…

This paper outlines a proposal for restructuring student aid for higher education based on the book "Keeping College Affordable: Government and Educational Opportunity" by Michael S. McPherson and Morton Owen Schapiro. The paper argues that transferring costs to federal government programs will ensure that equal opportunity and human…

Student loan counseling and debt management are discussed in three papers, six commentaries, and a panel discussion from a College Scholarship Service colloquium. In "Fulfilling the Institution's Responsibilities to Student Borrowers," Theodore J. Marchese discusses a shift in student financial aid marked by the ascendency of loans…