New Jersey's state grant program delivers the highest level of need-based aid per student in the country. And the state's major grant program, the Tuition Aid Grant (TAG), funds all eligible students, rather than excluding students when the funding runs out. But different levels of grant aid for enrollment in different institutions within sectors,…

The world of higher education is a world of sorting, selecting, and ranking--on both sides of the market. Colleges select students to recruit and then to admit; students choose where to apply and which offer to accept. The sorting process that gets the most attention is in the higher reaches of the market, where it is not too much to say that…

Historically, the primary role of financial aid was to increase educational opportunities for those with inadequate resources, yet more recently institutional aid is increasingly becoming based on criteria unrelated to financial need. Various political forces have reinforced the institutional tendency to redirect dollars from the mission of…