In The Student Aid Game, Michael S. McPherson and Morton Owen Shapiro
explain how both colleges and governments are struggling to cope with a
rapidly changing marketplace, and show how sound policies can help
preserve the strengths and remedy some emerging weaknesses of American
higher education. Of particular interest is the issue of merit aid.
McPherson and Schapiro consider the attractions and pitfalls of merit
aid from the viewpoint of students, institutions, and society.