Complexity and Targeting in Federal Student Aid: A Quantitative Analysis
---- Acknowledgements -----
This paper is forthcoming in Tax Policy and the Economy, Volume 22 (2008), edited by James Poterba. We benefited from comments from seminar participants at the Brookings Institution, College Board, Consortium on Financing Higher Education, Harvard University, National Bureau of Economic Research, National Tax Association and Stanford University. We extend particular thanks to Sandy Baum, Sandy Jencks and Tom Kane. Scott-Clayton is grateful for financial support from the National Science Foundation. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.