to students on the basis both of financial need and academic (and other) merit, with merit influencing not only total …-secondary education, both whether and where they attend are importantly influenced by family background. Among students who score well on …, while only about 75% of those from low SES backgrounds do. High-income students are also more likely to attend private …

to a proliferation of financial aid policy in the U.S. and around the world. More students are receiving more aid today … outside the U.S. on the causal impact of a variety of financial aid policies and programs on students' college decisions …