Rethinking Student Aid
Sandy Baum, The College Board
Michael McPherson, The Spencer Foundation
Kimmel Center for University Life
60 Washington Square South, Room 802
Economists Sandy Baum and Michael McPherson discuss their new College Board study, Rethinking Student Aid. The report, which draws on two years of research and dialogue with policy experts and practitioners, calls for major changes in federal financial aid policy and suggests innovative measures to ensure that college is affordable for more low-income students.
Sandy Baum is an economist and researcher of financial aid policy, college costs, and affordability in higher education. Baum is a senior policy analyst at the College Board and has served as a consultant to the National Association of Student Financial Aid Administrators, the National Association of Independent Colleges and Universities as well as colleges and universities on issues of financial aid, tuition, and campus finance. She is the author or co-author of more than 50 publications including, most recently, Tuition Discounting: Not Just a Private College Practice (2006), a College Board publication.
Michael McPherson is the current president of the Spencer Foundation, and past president of Macalester College (1996-2003). He holds a PhD in economics from the University of Chicago and has numerous publications related to the economics of education. He served on the faculty of Williams College for 23 years and has served as a trustee of the College Board and the American Council on Education. He has been a fellow of the Institute for Advanced Study at Princeton and a senior fellow at the Brookings Institution.