Redesigning the Financial Aid System: Why Colleges and Universities Should Switch Roles with the Federal Government

As the cost of higher education continues to rise, students and their families find it increasingly difficult to navigate the financial aid maze. In Redesigning the Financial Aid System, economist Robert Archibald examines the history of the system and its current flaws, and he makes a radical proposal for changing the structure of the system.

Archibald argues that one of the problems with the current model—in which universities are responsible for the majority of grants while the federal g...