The primary objective of financial aid is to ensure that college is accessible to qualified students regardless of income. As tuition and fees continue to rise, financial aid policy will become ever more central to the future of undergraduate education. But the centrality of financial aid is not limited to questions of affordability. Financial aid programs and regulations have implications for many other domains of higher education as well, from how students prepare for college, to where they choose to go; from the expectations institutions set for student enrollment and performance, to the expectations others set for institutional performance and accountability
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