Universities face an uncertain funding environment and turbulent marketplace. Financial scenario modelling offers a potential mechanism to assist in navigating a way forward. Our previous paper on UK universities' practice found some variation in the sophistication of the approaches taken, but the overall impression was of a relatively simple…

This paper identifies which investments in school facilities help students and are valued by homeowners. Using novel data on school district bonds, test scores, and house prices for 29 U.S. states and a research design that exploits close elections with staggered timing, we show that increased school capital spending raises test scores and house…

This mixed methods dissertation investigates the impact that cost-disaggregating tools like the Delaware Cost Study (DCS) have on the expenditure patterns at large, public research universities. It draws on public budgeting and higher education finance literature to form a theory of action that hypothesizes that expense management at such…

In an era of unparalleled disruption and low teacher satisfaction, residency programs offer a critical opportunity to reimagine what's possible for our nation's teachers. These programs have been shown to help districts fill hard-to-staff subject areas, boost teacher retention rates, and nurture more diverse pipelines of educators. And when new…

The School Funding Reform Act (SFRA), New Jersey's school finance law, requires the Governor, in consultation with the Commissioner of Education, to review certain components of the school funding formula every three years. The New Jersey Department of Education (NJDOE) issued four Educational Adequacy Reports (EAR) between 2013 and 2022, but none…

In the 2022-23 school year, Arizona began implementation of a "universal voucher" program through which all school-age students are eligible for a voucher, and families can use public funding to underwrite private or homeschool education for their children. Universal vouchers in Arizona are an expansion of the existing Empowerment…

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…

The majority of states with a weighted, student-based K-12 funding formula include weights that allocate additional funding based on the enrollment of students in poverty, students with special education needs, and English learners (ELs). Research shows that all three of these student groups need additional support and resources to succeed. Many…

This study examines three key areas where economic policy intersects with development: the influence of international student enrollments on the academic major choices of domestic students in the U.S., the effects of high-speed railroad infrastructure on employment in China, and the influence of monetary policy on housing prices in China. Each…

In an effort to reduce state spending on special education in public schools, New Jersey moved to census-based funding as part of the new school funding formula, the School Funding Reform Act (SFRA), adopted in 2008. The census approach funds all districts using the statewide average classification rate and a statewide average "excess…

This report is the fourth in a series that unpacks the barriers to access that families face, the variety of solutions that navigation organizations have developed, and the challenges that limit the reach and impact of those solutions. This series offers recommendations for how to help navigators address these challenges and support more families…

This Policy Note explains the changes in the student accommodation market that have led to higher rents. Following the recent announcement that the maximum maintenance loan in England will increase by only 2.5% in 2024/25 and the fact that rents have been rising faster than maintenance support, this report outlines a possible a new approach,…

The proverbial clock is ticking for many Kansas school buildings, whether due to implications of a complete slowdown due to code compliance, or due to failure of critical systems. Regardless of the reasons, millions of square footage of learning spaces are in jeopardy of no longer being able to serve students in adequate teaching and learning…

This brief presents the results of a fiscal analysis of the New Hampshire Education Freedom Account Program. The Education Freedom Account Program enables students from low- and middle-income households to access education savings accounts (ESAs) designated for various educational purposes such as private school tuition, tutoring, textbooks,…

Schools across the U.S. are facing substantial challenges filling positions (Bleiberg & Kraft, 2022) and are considering solutions to address potential teacher shortages. As of 2022, almost half of the States in the U.S. create or support teacher residency programs (TRPs) through statute or regulation (Education Commission of the States,…