This study tested the Bennett hypothesis by examining whether four-year colleges changed listed tuition and fees, the amount of institutional grants per student, and room and board charges after their states implemented statewide merit-based aid programs. According to the Bennett hypothesis, increases in government financial aid make it easier for…

Comprising eleven financial aid programs, the Tennessee Education Lottery Scholarship (TELS) provided financial aid to 101,569 students at a cost of $297,589,674 in 2010-11 (Tennessee Student Assistance Corporation [TSAC], 2011). The four largest programs (the HOPE scholarship program, the General Assembly Merit Scholarship program [GAMS], the…

In the first decade of the 21st century, the nation, the states, and colleges and universities began to grapple with the challenges of globalization, changing demography, the implications of the digital era, and of a less expansive public sector. Although not a transformative period for higher education, the decade saw significant innovations in…