The discourse on cost of attendance (COA) at American colleges and universities is ambiguous and complex. The literature around COA labels it as the 'sticker price' to attend college but categorization in this manner often negates the true application and meaning of this term. COA also accounts for living allowances (or indirect costs) to help…

Institutions of higher education have increasingly needed to balance college affordability with their own financial sustainability. There is a growing need for financial innovation and few examples within higher education for adoption of innovation frameworks. This qualitative dissertation examines phases of adoption of income share agreements…

As endowments and fundraising campaigns have skyrocketed in recent decades, critics have attacked higher education for steeply increasing its production cost and price and the snowballing debt of students. In "Wealth, Cost, and Price in American Higher Education," Bruce A. Kimball and Sarah M. Iler reveal how these trends began 150 years…

U.S. citizens or permanent residents, enrolled at least half time in a qualified program at a participating school, not in default on a prior federal student loan, and not previously convicted of a drug offense while receiving federal financial aid are eligible to apply for a student loan. This chart summarizes the interest rates, loan limits, and…

Much of the policy debate emerging from concerns over student debt has focused on the structure and operation of income-driven repayment (IDR). As the number of available IDR plans and the share of borrowers enrolling in these plans has increased, the system has become more confusing and difficult to navigate. IDR has not prevented default…

Although colleges receive funds from student loans, they have largely escaped accountability for their role when students take on unaffordable student loan debt. One partial exception was a set of regulations called "Gainful Employment" that sought to hold some higher education programs accountable for excessive student loan debt. If a…

As students pursue undergraduate degrees, many are challenged with paying for college. Costs include direct charges for tuition, fees, books, room and board, and meal plans, as well as indirect costs such as transportation, utilities, insurance, cell phone, internet, and more. Many students borrow loans to cover these costs, but their…

The federal government now offers a multitude of complicated income-driven repayment (IDR) plans that are difficult to understand, enroll in, and stay in. Many students who would benefit from IDR do not enroll, and others will have large amounts of debt forgiven despite earning high wages. The current problems with IDR are not an indictment of the…

U.S. citizens or permanent residents, enrolled at least half time in a qualified program at a participating school, not in default on a prior federal student loan, and not previously convicted of a drug offense while receiving federal financial aid are eligible to apply for a student loan. This chart summarizes the interest rates, loan limits, and…

This study provides a comprehensive global snapshot of wealth-based inequalities in higher education attendance. We draw on data from 117 countries to describe cross-national patterns in higher education attendance rates, disaggregated by wealth quintile and country income group. We then calculate four different indicators to quantify the size of…

The COVID-19 pandemic has led to a rapid and substantial increase in unemployment and to uncertainty about future job prospects. Despite this increased uncertainty, parents' expectations that their children will pursue postsecondary studies remained high during the lockdown--91.7% of children whose parents were surveyed in May or June 2020 were…

Cosmetology is one of the most widely and onerously regulated occupations for lower-income workers, yet little research has explored the experiences of aspiring beauty workers. This first-of-its-kind study takes advantage of federal educational data--including a large, and largely untapped, dataset on nondegree credentials and work experience…

We update Collier et al. (2021) by using the Survey of Consumer Finances (SCF) 2019 dataset to explore characteristics of enrollees in Income-Driven Repayment (IDR). SCF 2019 is more likely to include borrowers engaged in REPAYE. Findings support an ongoing need to encourage greater IDR participation for lowest-income borrowers and reinforced…

Many students enroll in college without proper preparation. Although they may demonstrate they are prepared academically, students who lack the knowledge and awareness of the higher education environment might not succeed in their first year. Although there are standardized exams to evaluate academic preparedness, there are few assessments that…

The student debt crisis is particularly dire for Black borrowers. Black degree-seekers are more likely to take out student loans to pay for higher education than white students, and they carry the largest average student loan debt of all racial demographics in the nation. The COVID-19 pandemic has created even more barriers to both postsecondary…