Educational policy, policy appropriation and Grameen Bank higher education financial aid policy process

The paper talks about higher educational polices and their process of policy appropriations, policy as practices, policy as symbolic, policy as rituals, policy as myths, policy backward- mapping and policy-forward mapping, multi-stage policy implementation process, street-bureaucrats planners, and policy reform process. It critically looks at pros-and-corns of different educational policy theories and their applications in education, and the higher education student financial aid different policies, strategies and products and their impact on the college students. The paper also narrates the higher educational policies and methods of need-based, merit-based, means-test-based grants allocation and loan disbursement and their impact on student academic achievements. Moreover, it discusses the policy process model that has both agendas and multiple streams that consider looking at policy designing problems, solutions of the problems and their usefulness to SES students. Additionally, the paper narrates the Grameen Bank higher education student loan policy making process, although there is no higher education student financial aid services are not exist in Bangladesh. Literature reviews, conversations with higher education students, contextual analysis, and the author personal working experience incorporate here. The study finds for policy improvement, policy analysis is vital because policy analysis can explores usefulness of the policy for public well being and for effectiveness of the policy appropriation.