In the context of the recent efforts to arrive at a federal budget, articles abound in the popular media and trade publications debating both the value of Pell Grants and their rising cost to the U.S. government. Both pros and cons of the debate hold value. Pell Grants are what enable many low-income families to send their children to college and,…

Merit-based financial aid has been a growth industry in the United States over the past decade. Much media attention has focused on the use of merit aid by colleges and universities to try to attract academically talented students. In this article, the author argues that merit aid programs are the wrong tools for helping develop a skilled…