History of Student Aid
The history of financial aid in higher education covers a board range of philanthropic-, scholarship-, and loan-based approaches. This article comprehensively covers the history of American financial aid to students from influences of European medieval institutions to contemporary aid systems. A broad history of financial aid is covered, revealing an evolution from a system primarily based upon local philanthropic efforts, to a more formal system of scholarships and grants, to, finally, a complex federal system of loans. As the history of financial aid is chronologically covered, attention is paid to describing how financial aid policies and practices were a response to societal and political contexts of their times and how need- and merit-based philosophies have given way to political agenda-based philosophies of aid.
Fuller, Matthew B.
"A History of Financial Aid to Students,"
Journal of Student Financial Aid: Vol. 44
, Article 4.
Available at: http://publications.nasfaa.org/jsfa/vol44/iss1/4