Abstract
ommends that incentives, such as grants and loans, should be made available to attract outstanding students to the teaching profession, particularly in those areas of critical shortage (National Commission on Excellence in Education, 1984, p. 77). The Talented Teacher Act was passed by Congress in 1984 and allows for 10,000 Carl D. Perkins Scholarships to be issued during 1986-1990 to outstanding high school graduates who demonstrate an interest in teaching. However, this program has not yet been implemented, and the responsibility for providing incentives for prospective teachers has fallen to the states. Financial aid has played an important role in American higher education since 1643, when Lady Anne Mowlson left ?100 to Harvard University to help some poor scholler (Hood & Maplethorpe, 1980). Since then, different forms of financial aid to students have been used in such diverse
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