Improving Federal Financial Aid and Rewarding Success
Richard Vedder delivered the following remarks at a Washington, DC Brookings Institution event on October 3, “ Reimagining Aid Design & Delivery: Improving Federal Financial Aid for Students.”...
View ArticlePell-Mell
My dictionary defines “pell-mell” as “in a jumbled, confused matter” or “in frantic, disorderly haste.” That pretty much sums up federal Pell Grant policies in modern times. In 2006, the nation spent...
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Chart of the Week: Financial Aid by Source and Type
According to data provided by the College Board (see, specifically, the link for “Figure 2″), total student financial aid total $237 billion in academic year 2011-12. As the chart below shows, however,...
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Chart of the Week: Pell Grant Recipients and Dollars by Institutional Control
Postsecondary Opportunity Education provides data on both the number of Pell Grant recipients by institutional control (public, private not-for-profit and private for-profit) as well as the total...
View ArticleReforming Financial Aid (while Reducing the Federal Deficit by $158 billion)
It is time to begin phase 2 of my master plan. With that in mind, we’ve just released a new study on ideas to reform financial aid. I offer a few suggestions for Pell grants, but leave them mostly...
View ArticleMixed up with Pell
In a plea designed to drum up a public outcry to any proposed reductions to the federal Pell Grant Program, Sen. Sheldon Whitehouse refers to the Pell Program as a “vital program for middle-class...
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Chart of the Week: Pell Grant Recipients by Family Income
In its annual, end-of-year report on the federal Pell Grant program, the U.S Department of Education publishes data showing the breakdown of Pell Grant recipients by family income (there is also data...
View ArticleOnly 40 Percent of Pell Grant Recipients Get Bachelor’s Degrees
Let me start off with a caveat (no doubt, newspaper and magazine editors would tell you, a horrible way to start a blog post): The headline on this epistle is “informed speculation” on my part....
View ArticleAs If Schools Needed Another Reason to Raise Tuition
Over the years some in higher ed circles continue to debate whether or not the Pell Grant program enables schools to increase the tuition they charge students (the Bennett hypothesis says that Pell...
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Chart of the Week: Proportion of Students Receiving Pell Grants
The chart below shows how the proportion of undergraduates receiving Pell Grant has varied over time, based on institutional level data. The percentage of undergraduate students receiving Pell grants...
View ArticleGo to Pell!
When I served on the Spellings Commission on the Future of Higher Education, my view was that college financial aid should be simplified dramatically, probably cut down to just the Pell Grant program....
View ArticleA Crazy Idea to Cut Pell Spending and Improve Higher Ed Simultaneously
The budget crunch makes it very likely that Pell spending will be cut. That gives us two choices: 1) cut a little from all recipients and/or 2) cut more money from some than from others. The first...
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