The Student Aid Game: Meeting Need and Rewarding Talent In American Higher Education

"Confusion and apprehension often drive families into the arms of private counselors, who offer, for a price, to help them master the [student aid] system. They would be well advised to save their money and consult McPherson and Schapiro instead."--Donald Kennedy, Atlantic Monthly

"Because they are primarily interested in how federal policy might more effectively open the doors to college for low-income youth, McPherson and Schapiro, like good economists, analyze the effects of financial-aid programs on the incentives of colleges and parents, and anticipate the impact of recent changes in the tax code on colleges' tuition and aid policies."--Harvard Magazine