Obtaining a college degree has long been considered the key to achieving the American Dream, yet for many it has become increasingly difficult to afford college, as funding for federal financial aid has failed to keep pace with rising tuition costs. Prior research in this area has relied heavily on quantitative data analysis, with limited access…

University administrators, boards of trustees, and state and federal legislators spend significant time and effort focused on retention and graduation rates at American colleges and universities. The California State University (CSU) is no exception with its systemwide focus on Graduation Initiative 2025 which includes a commitment to eliminate…

This article uses a sample of 13,643 students attending a 4-year state university in Florida to estimate a selection-bias corrected quantile regression of loan debt at graduation. The study investigates whether the debt levels of students who received the Florida Bright Futures (FBF) scholarship are significantly different from the debt levels of…

This study investigated how first-generation, loan-borrowing college graduates from a California public college or university viewed the continued increase in college tuition and its impact on their financial well-being. College tuition has continued to increase and outpace the United States rate of inflation, and the mindfulness of student loans…

In this paper, we leverage the random assignment of a need-based financial aid grant offer--the Fund for Wisconsin Scholars (FFWS) grant--and several sets of administrative records to provide experimental evidence on the effects of the grant offer on students' in-state employment and earnings. For students in four-year universities, our results…

We examined three large freshman cohorts from Texas State University, a Hispanic-Serving Institution (HSI), to identify risk factors that might affect academic retention. Risk factors supported by empirical studies such as first-generation, ethnicity, gender, financial aid need, high school performance, and living off campus were examined. We also…

Food insecurity is widespread among college students in the United States. Food benefits delivered through the CalFresh program, California's version of the federal Supplemental Nutrition Assistance Program (SNAP), can reduce hunger by helping students pay for groceries, but may not reach all eligible students. To date, higher education systems…

This article features a case study from Virginia Commonwealth University (VCU), a large, public, urban, research university, in which challenges in administering financial aid for study abroad early in the COVID-19 pandemic led the Education Abroad and Student Financial Services teams to revisit practices and protocols. This article describes…

Despite the steady growth in transfer enrollment in the California State University (CSU) system, Black transfer students face significant equity gaps in access and completion. This study aims to enhance the limited research on the transfer experiences of Black students at four-year institutions, particularly within the CSU system, where over 40%…

College tuition at public institutions across the country rose by 36.2 percent on average over the decade 2008-09 to 2018-19. The average total cost of college, accounting for all expenses such as room and board, across all institutions public and private grew by 22.4 percent. Students and their families are borrowing an enormous amount of money…

Since 2003, the State Higher Education Executive Officers Association (SHEEO) has produced the annual State Higher Education Finance (SHEF) report to broaden understanding and enable analysis of state-level and national funding and enrollment trends over time. The SHEF report provides the earliest possible review of state funding for higher…

College affordability is a significant factor in student access, retention and completion. Tuition and fee rates are a major component of affordability, as is the availability of financial aid programs from federal, state, institutional and private sources. Strategically designed approaches to college affordability can better assist families in…

This paper reports the findings of a survey administered to a large academic university student population, assessing students' self-reported motivations, difficulties, and methods used in finding and using financial information. Results discussed include information types and sources students consult for financial information. The survey also…

A strategy for allocating merit-based awards and need-based aid is critical to a university. Such a strategy, however, must address multiple, sometimes competing objectives. We introduce an approach that couples a gradient boosting classifier for predicting outcomes from an allocation strategy with a local search optimization algorithm, which…

College affordability is a significant factor in student access, retention, and completion. Tuition and fee rates are a major component of affordability, as is the availability of financial aid programs from federal, state, institutional and private sources. Strategically designed approaches to college affordability can better assist families in…