Despite the complexity of current financial aid application forms, federal officials want to stabilize the process of assessing financial need and are not likely to simplify the forms soon. (MSE)

This paper offers information and analysis of the direct lending portion of the reauthorization of the Higher Education Act of 1965. The direct lending proposal is described in an opening letter to the reader as a provision that would make the Pell Grant Program an entitlement and raise the maximum award to $4,500 with provisions that would…

This article examines the characteristics of low-income undergraduates and how they pay for college. It examines their financial need, describes the contribution of financial aid, and presents what is known about how they close the gap between their costs and the amount of aid they receive. (JM)

Congress made significant revisions in the methods used to evaluate families' income and college expenses to decide how much aid students should receive. Administrators say that needy students will receive less aid next year, although some students who do not need more aid will be eligible for it. (MLW)

Financial aid for students is now a complex educational industry, with expenditures in California reaching $1,500,000,000 in 1987 (including loans, grants, and jobs). This has grown from under $10,000,000 in the 1950s. As it became more important to study the policies involved in student financial aid, The Eureka Project was created. This…