Article Index

 Journal of Student Financial Aid 

Articles published 2005 - present.                                          About older articles 

A Gap in the Literature: The Influence of the Design, Operations, and Marketing of Student Aid Programs on College-Going Plans and Behaviors
Impact of student financial aid program design, operations, and marketing on the formation of college-going aspirations, plans, and resulting behaviors of potential students.
A Scholarship Workshop Program to Improve Underrepresented Student Access to Higher Education
Examines the effectiveness of a scholarship workshop program to better prepare low socio-economic and minority students to compete for collegiate scholarships. The study involves 1,367 high risk 9th to 12th grade students in Texas.
A State-Supported, Merit-Based Scholarship Program that Works
Demonstrates how Nevada’s merit-based Millennium Scholarship Program may serve as a model for other states attempting to improve college participation.
A Survey of Student Term-Time Employment: Choosing Subpopulations for Further Study
Explores the appropriateness of using total student cohorts as opposed to subpopulations restricted to financial aid applicants. Distinguishing between residency groups is also considered.
Access to College: The Role of Tuition, Financial Aid, Scholastic Preparation and College Supply in Public College Enrollments
A state’s expenditures on need-based aid and investment in capacity explain variation in public college enrollment rates, and differences in high school completion rates help explain patterns of Hispanic enrollment in public postsecondary institutions.
Advancing or Hindering the Next Generation? A Look at Financial Aid for Minority Graduate Students
The purpose of this study is to examine the differences in financial aid awards and awarding patterns among African American, Hispanic and white graduate students.
An Analysis of the Use of Education Tax Credits at Four Public Community Colleges
Examines the use of education tax credits at four community colleges using data from the Federal Quality Assurance Program in 1998, the first year of the HOPE Scholarship and Lifetime Learning Tax Credit (LLTC).
An Optimization Model for the Allocation of University Based Merit Aid
Describes the application of linear programming as a decision tool in merit based financial aid decisions at a medium size private university. The objective defined for the model is to maximize the quality of the incoming class as measured by average combined SAT scores.
Article Index


Book Review: Student Financial Literacy: Campus-Based Program Development

Vol 42, No. 2, 2012, p. 60  By David R. Smedley Published in 2012, Dorothy B. Durband (Texas Tech University) and Sonya L. Britt (Kansas State University) present in their new edited volume, Student Financial Literacy Campus Based Program Development, a wide range

Book Review: The Financial Aid Handbook: Getting the Education You Want for the Price You Can Afford
Review of The Financial Aid Handbook: Getting the Education You Want for the Price You Can Afford by Carol Stack and Ruth Vedik.
Book Vouchers: An Exploratory Analysis of Their Use and Effectiveness
Book vouchers serve as one component of need based financial aid packages at the College of Southern Nevada, one of the nation’s largest community colleges. Voucher recipients were found to have better overall academic performance.
Borrowing and Working of Low-Income Students: The Impact of a Summer Transition Program
How low-income students determine employment and student loan borrowing options before they begin college.
Branding Access Through the Carolina Covenant: Fostering Institutional Image and Brand
The study demonstrates the ability of financial aid to serve as a key component of institutional image and improve a university’s competitive position.
College Affordability: Implications for College Opportunity
By examining trends in college affordability, this article explores the extent to which the public perception that college is not affordable is justified.
College Debt: An Exploratory Study of Risk Factors Among College Freshmen
Factors that influenced willingness to incur educational debt at a mid-western university.
College Departure: Exploring Student Aid Effects on Multiple Mobility Patterns from Four-Year Institutions
This study addresses how financial aid influences the likelihood of mobility patterns for minority and low-income students.
College on Credit: How Borrowers Perceive Their Education Debt
The fourth Nellie Mae survey of student loan borrowers in repayment reveals that education debt burdens remain manageable for most borrowers.
Credit Cards on Campus: Academic Inquiry, Objective Empiricism, or Advocacy Research?
Questions the conclusions reached by Staten & Barron in the 2004 article "Usage of Credit Cards Received through College Student- Marketing Programs."
Credit Cards on Campus: Academic Inquiry, Objective Empiricism, or Advocacy Research? A Response
The authors of "Usage of Credit Cards Received through College Student- Marketing Programs" refute the critique of their work by Manning & Kirshak.
Defining Merit: The Impact of Award Structure on the Distribution of Merit Aid
Examines the relationship between the demographic composition of high schools and the amount and number of merit-based Kentucky Education Excellence Scholarship (KEES) awards received.
Degree Attainment of Undergraduate Student Borrowers in Four-Year Institutions: A Multilevel Analysis
This study investigates the effects of different kinds of financial aid on degree attainment of undergraduates in 4-year institutions.
Demystifying Conventional Assumptions: Do African American Parents Anticipate Investing Less toward Their Children’s College Costs than Their White Peers?
Draws on data from the National Longitudinal Study (NELS 1988 2000) and examines how the amount and source of funding parents anticipate toward college costs differs between African Americans and and Whites.
Divided We Fall: The Federal Government Confronts the Digital Divide
Explores how the transition of Federal Student Aid toward a Web-based financial aid application process will affect applicants.
Effect of Financial Aid Processing Policies on Student Enrollment, Retention and Success
How financial aid office characteristics and financial aid policies and procedures affect the enrollment, retention, and success of financial aid students at the California community colleges.
Effects of Tuition Price, Grant Aid, and Institutional Revenue on Low-Income Student Enrollment
Examines institutional revenue as a factor of low-income enrollment, in conjunction with price and aid. Findings indicate institutional revenues at private not-for-profits are significant and positively related to low-income enrollment.
Exploring the College Enrollment of Parents: A Descriptive Analysis
Using descriptive analyses of data from the NPSAS:04, this study provides a starting point for those who seek to identify ways to better understand the characteristics of  undergraduate parents.
Financially At-Risk College Students: An Exploratory Investigation of Student Loan Debt and Prioritization of Debt Repayment
Profiles financially at-risk students based on their credit card usage behavior.
Graduate Student Persistence: Evidence from Three Decades
A meta-analysis of results of studies by Andrieu (1991), DeAngelis (1998), and Liseo (2005) to assess changes over time in the effects of financial aid and other factors on graduate student persistence.
High School Students’ Perceptions of Local,National, and Institutional Scholarships
Uses data from 15 descriptive case studies to explore high school students’ perceptions of scholarships and the forces that contribute to these perceptions.
Higher Education Financial Assistance Tools for Middle- and Upper-Income Taxpayers
Describes higher education financial assistance vehicles for students of middle- and upper-income families who may not be eligible for financial aid from other sources
Institutional Aid and Student Persistence: An Analysis of the Effects of Institutional Financial Aid at Public Four-Year Institutions
Examines the effects of institutional financial aid on year-to-year persistence for a cohort of first-time, first-year students.
Institutional Grants: Investing in Student Retention and Graduation
Expenditures for institutional grants positively contributed to retention and graduation rates except at high-selectivity institutions.
Integrating Tax Preparation with FAFSA Completion: Three Case Models
This research compares three different models implemented in four cities.
Low-Income Engineering Students: Considering Financial Aid and Differential Tuition

This paper explores the relationship between tuition differentials and low-income students in Engineering fields at two public, research intensive universities.

Low-Income Urban High School Students’ Use of the Internet to Access Financial Aid
Findings suggest that low-income students have access to computers but lack the knowledge and support needed to navigate the financial aid resources available on-line.
Maximizing Enrollment Yield through Financial Aid Packaging Policies
Presents a model to enable researchers and enrollment managers to assess the effectiveness of financial aid packaging policies in light of student characteristics and institutional market position.
Money Matters: The Influence of Financial Factors on Graduate Student Persistence
Financial factors (e.g., total loan, tuition reduction, deferment status) were related to persistence. Implications for future policy, practice, and research are highlighted.
Optimization Techniques for College Financial Aid Managers
How historic institutional data can be used to assist enrollment managers in determining the level of financial aid for students with varying demographic and quality characteristics.
Patterns in Student Financial Aid at Rural Community Colleges
Rural small and medium colleges have the most aided students, receive more Pell Grants and institutional aid, and have more students indebted than other types of community colleges.
Predicting Student Loan Default for the University of Texas at Austin
Student program completion, persistence, and success were strong predictors of student loan default, as were race/ ethnicity, gender, and the school of enrollment.
Reading a Commissioner: A Review of Going Broke by Degree: Why College Costs Too Much
Book review of Going Broke by Degree: Why College Costs Too Much (2004) by Richard Vedder.
Should I Work or Should I Borrow? A Counterfactual Analysis on the Effect of Working While Enrolled and Debt on Baccalaureate Completion
Using the 2007-2008 National Postsecondary Student Aid Study, this study tested positively the hypothesis that college students are either likely to acquire debt above the national median or work more than 30 hours a week in order to graduate from a four year degree within six years.
State Merit-based Aid and Enrolling in Graduate Study: Evidence From the Kentucky Educational Excellence
Using a logistic regression approach, this study shows an approximately forty percent increase in the probability that students would attend graduate school if their KEES award amount increased.
Strong Palliative, But Not a Panacea: Results of an Experiment Teaching Students About Financial Literacy
Demonstrates that teaching financial literacy to students has measurable benefits.
Student Borrowing in America: Metrics, Demographics, Default Aversion Strategies
The use of Cohort Default Rate as the primary measure of student loan defaults among undergraduates was investigated.
Students with Disabilities: Financial Aid Policy Issues
This article describes some of the special financial aid needs of students with disabilities and the policy implications of those needs.
Students’ Perceptions of Factors that Affect College Funding Decisions
The study categorizes and summarizes students responses to a survey about recommendations for changes in financial aid counseling practices.
Targeted Merit Aid: Implications of the Tennessee Education Lottery Scholarship Program
The Tennessee Education Lottery Scholarship program’s generous eligibility requirements may target the students who are disproportionately left out of similar programs in other states.
The Consequences of Leaving Money on the Table: Examining Persistence among Students Who Do Not File a FAFSA
Examines the relationship between filing a FAFSA and within-year persistence rates of first-year, fulltime college students. Results show that after controlling for background characteristics and college experience variables, students who filed a FAFSA have 72% higher odds of persisting than their peers who do not file.
The Financial Value of a Higher Education
The added value of a bachelor’s degree has increased to $1.2 million in 2005. Compared with average out-of-pocket costs of college education, this represents a return on investment in excess of 27%.
The Impact of Financial Aid on Postsecondary Persistence: A Review of the Literature
Identifies the conundrum that exists between removing financial access barriers to college and the student recipients’ inability to sustain reenrollment.
The Impact of Florida’s Bright Futures Scholarship Program on High School Performance and College Enrollment
Florida’s Bright Futures merit-based scholarship has encouraged high school students to take academically challenging courses and attend college in the state.
The Relationship between High School Math Courses, High School GPA, and Retention of Honors Scholarships
Examines the high school transcripts of honors scholarship recipients to identify a better criterion for awarding scholarships than high school grade point average (GPA) alone.
The Relationship of Institutional Tuition Discounts with Enrollment at Private, Not-for-Profit Institutions
Uses separate empirical ordinary least squares regression models to examine three questions using public choice theory, positing that enrollment decisions may be affected by many variables but will be driven primarily by discounted cost.
To Work or Not to Work: Student Employment, Resiliency, and Institutional Engagement of Low-Income, First-Generation College Students
Students who balance academics and employment exhibit a higher resiliency toward attaining graduation.
Tuition Cuts: The Political Dynamics of Higher Education Finance
Reveals the causes and effects of tuition cuts as a policy measure and the political dynamics underlying public higher education finance in increasingly politicized environments.
Undergraduate Borrowing and Its Effects on Plans to Attend Graduate School Prior to and After the 1992 Higher Education Act Amendments
Middle-income students who borrowed money after the 1992 amendments were more likely to plan to attend graduate school than students from high-income families with loans.
What Determines the Amount Students Borrow? Revisiting the Crisis–Convenience Debate
Net cost has a large effect on borrowing by poor students, who used low-interest subsidized loans to replace more expensive loans. In contrast, middle-income students increased borrowing in response to increased availability of subsidized loans.
What Matters in Student Loan Default: A Review of the Research Literature
An investigation of factors influencing default, such as whether default is a function of the characteristics of students or of the institutions they attend, and whether the types of loans borrowed influence the probabilities of default.
Who Benefits from Tuition Discounts at Public Universities?
Descriptive statistics show how tuition discount rates differ according to student characteristics such as academic level, race, residency, family income, and institution type. This study examines national patterns and also makes use of the 12-state representative samples available in NPSAS:04.
Who Enrolls in Two-year Colleges? A National Study of Price Response
Examines the factors that influence the college choice process of two-year college students and explore the effect these variables have on the two-year/four-year college choice dichotomy.