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More About This Textbook
Overview
During the 1990s, rising tuition costs and inadequate federal grant aid prevented more than a million otherwise qualified, low-income students from continuing their education past high school. Education policy expert Edward P. St. John is troubled by this situation and argues that equal access to higher education is both feasible and just. In Refinancing the College Dream, he examines recent trends in public funding of education and explores alternatives to financing which would provide equal access to postsecondary education for all Americans.
The growing gap in the rate of participation in higher education for low-income groups compared to upper-income groups over the past three decades, St. John finds, has been a direct result of the decreased availability of federal grants, even after taking into account such factors as an increased emphasis on strengthening high school graduation requirements. To reverse this trend, he suggests that policymakers refocus the debate over the public financing of higher education from taxpayer costs to principles of social responsibility and justice, along with economic theories of human capital. He then shows how improved coordination between state and federal agencies, expanded use of loans, and better targeting of grant aid can maximize access for low-income students while minimizing increases in taxes.
Making higher education accessible to low-income students is one of the crucial challenges for citizens and policymakers in the early twenty-first century. Refinancing the College Dream offers a theoretical and practical foundation for boldly rethinking the financial strategies used by colleges and universities, states, and the federal government to accomplish this essential goal.
The Johns Hopkins University Press
Editorial Reviews
Connection
A thorough critique of the past four decades of higher education assistance programs... A brave attempt to reconcile the progressive zeal for access and the conservative pressure for academic accountability.— Joseph M. Cronin
Pennsylvania Association of Student Financial Administrators Newsletter
Compelling arguments about how changes in the federal student aid programs since the 1970s have restricted access to higher education because of the tilt towards assisting the middle class.— David R. Smedley
Connection - Joseph M. Cronin
A thorough critique of the past four decades of higher education assistance programs... A brave attempt to reconcile the progressive zeal for access and the conservative pressure for academic accountability.
Pennsylvania Association of Student Financial Administrators Newsletter - David R. Smedley
Compelling arguments about how changes in the federal student aid programs since the 1970s have restricted access to higher education because of the tilt towards assisting the middle class.
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Meet the Author
Edward P. St. John is professor of educational leadership and policy studies at Indiana University. He has served as director of the Indiana Education Policy Center and author of numerous publications of higher education and education reform.
The Johns Hopkins University Press
Table of Contents
Contents:IntroductionPART I Understanding the Access Challenge Finding Justice in Public Finance
Rethinking Assumptions
Assessing the Effects of Policy
The 1970s: Equalizing Educational Opportunity
The 1980s: Middles Class Assistance
The 1990s: Justice for Taxpayers?
The New InequalityPART II Meeting the Access Challenge The Role of Finances
A Contingency Approach to Refinancing
Improving Access and Equalizing Opportunity
Appendix: Trends in Finances and Outcomes
The Johns Hopkins University Press