The Tennessee Education Lottery Scholarship (TELS) program was designed to meet the unique needs of the state of Tennessee while also incorporating the hallmark elements of existing merit-based aid programs in other states. Developed through a process involving elected officials and members of the academic community, the TELS program aims to…

Discussion of the increasing price competition in higher education provides tables, graphs, and analyses of the higher education market and examines implications of offering attractive financial aid packages to better students. Finds price competition results in a greater concentration of talented students at high-resource schools and declining…