Description
Book SynopsisTrade Review"Providing detailed economic analysis of the effects of sticker price, tuition discounts, merit and need-based financial aid, and institutional competition, Levine contends that the overall impact from these multiple factors is to limit access to higher education for lower-income students. He takes specific aim at the problem of opaque financial aid and how it serves to heighten inequities in higher education. And he offers an excellent discussion of the pros and cons of two major policies for improving access to college—the various versions of 'free college' and a significant increase (read: doubling) of Pell Grants." * Forbes *
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A Problem of Fit [examines] the pricing system in American higher education, exploring the market factors that contribute to its problems....Levine [addresses] barriers to higher education beyond those directly related to pricing, such as excessive levels of student loans, the complexity of the college application process, and difficulties in understanding financial aid award letters." * Journal of Economic Literature *
"Levine’s text is a quick and engaging read that we highly recommend. In each chapter, he does a fantastic job of identifying what matters for an audience’s understanding of these complex, interrelated issues and communicates them in a way that is approachable and allows readers to connect the pieces of this big puzzle. Levine’s text captures a high level of nuance that escapes most of the public and many policymakers. As such, this should be a required reading for higher education finance courses and new legislator orientations alike." * Teachers College Record *
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A Problem of Fit is an interesting book that offers several reasonable policy fixes for the college pricing system. The author makes his case with enough technical data to
satisfy any policy wonk and presents cogent analyses accessible to the lay reader." * Monthly Labor Review (U.S. Bureau of Labor Statistics) *
"A Problem of Fit is an interesting book that offers several reasonable policy fixes for the college pricing system. The author makes his case with enough technical data to satisfy any policy wonk and presents cogent analyses accessible to the lay reader. I would recommend the book to anyone concerned with college pricing, as well as to people interested in learning more about the higher education market." * Monthly Labor Review *
"If you want to understand the nuances of college affordability, pricing, and finance, this book is for you. Levine has taken an issue that impacts the majority of families going through the college search process and deconstructed its complexity. Whether you are a student, policy maker, or higher education practitioner, this is an important read." -- Angel B. Pérez, CEO, National Association for College Admission Counseling
"Levine combines accessible economic explanations with cogent policy recommendations to frame the challenges facing students and families navigating the complex world of college financing. His forceful critique focuses on analysis and solutions rather than anger and blame, forwarding ideas about targeted new funding and improved communication with the potential to help students enroll at the institutions that will be the best fit for them." -- Sandy Baum, Center on Education Data and Policy at the Urban Institute
Table of ContentsPreface Introduction Chapter 1: The Institution of Financial Aid Chapter 2: An Econ 101 View of College Pricing and Financial Aid Chapter 3: The Real Cost of College and Its Worth Chapter 4: Pricing Transparency Chapter 5: Addressing Affordability Chapter 6: Fixing the Pricing System in Higher Education Chapter 7: Other Barriers to College Access Conclusion Acknowledgments References Index
