This study presents a paradox within the time value of money (TVM), namely, that the interest-principal sequence embedded in the payment stream of an amortized loan is exactly the opposite of the interest-principal sequence implicit in the present value of a matching annuity. We examine this inverse sequence, both mathematically and intuitively,…

Racial and ethnic demographics continue to shift in the United States, and more students of color, first-generation students, and students from lower-socioeconomic backgrounds pursue higher education. Student debt has risen to the top of the national agenda as one of America's most pressing equity issues in higher education. Usually when student…

For all the attention student loans have received in the media and from policymakers in recent years, there is still remarkably little information on why and how borrowers struggle to repay them. Rising college prices and debt levels explain some of the troubles borrowers have with their loans, as does a slow economic recovery that has caused…

This report provides the results of the annual Student Financial Services survey. Data include average institutional student account and loan receivables, payment channels, credit balance refunds, third-party payments, staffing, and student financial services expenditures from FY09 to FY14. [For "2014 Student Financial Services Benchmarking…

This report provides the survey results of institutions' student account and loan receivables, payment channels, credit balance refunds, third-party payments, staffing, and student financial services expenditures from FY08 to FY13. [For "2013 Student Financial Services Benchmarking Report," see ED608489.]

With the total student debt in the United States at nearly $1.5 trillion, loans are affecting the lives of many students. But while higher education pays off for the average graduate, the student loan data illustrates a unique and severe situation for Black students that has reached crisis level, even if the same isn't true for other racial and…

The "60x30TX" higher education plan for Texas began in 2015 with four goals to be achieved by 2030: (1) 60x30 Educated Population: At least 60% of Texans ages 25-34 will have a certificate or degree; (2) Completion: At least 550,000 students in 2030 will complete a certificate or an associate, bachelor's, or master's degree from an…

For many in the United States, debt is the price of upward mobility. An increasing number of jobs require some college, and wages are higher for people with college degrees. As states cut funding for higher education, colleges have passed the costs on to students. Nationally, 44.2 million people -- one sixth of the population -- hold a total of…

Higher education prepares students to get good jobs and benefits communities by helping graduates make positive contributions to civic life and the economy. A college degree is increasingly becoming a requirement to earn a middle-class income. Unfortunately, attaining higher education often means assuming the burden of student debt, which…

The Maryland Higher Education Commission (the Commission) coordinates the overall growth and development of postsecondary education in Maryland. The Commission is charged with producing a State Plan for Higher Education (the Plan) every four years. (Annotated Code of Maryland, Education Article §11-105) The Plan shall identify: (1) The present and…

As college costs continue to increase, more and more Americans rely on federal student financial assistance programs to help pay for their postsecondary education. Despite the demonstrable and continually increasing importance of federal student aid, the majority of Americans have little knowledge of the Title IV programs or the processes…

The overall financial structure of US higher education has changed dramatically over the past 30 years, resulting in a significant reduction of public funding. One result of this shift has been the steadily increasing costs of tuition as an increasing portion of the financial structure of higher education is shifted to students. Increased costs to…

This article explores the marketization of English higher education with particular reference to the introduction of undergraduate student tuition fees. It argues that the breakdown of the political consensus that underwrote the public funding of undergraduate student funding was the consequence of ideological and economic changes that, following…

To manage their loans effectively, U.S. postsecondary student loan borrowers must make a variety of important decisions that require significant knowledge and financial skills and entail considerable risk. Federal law requires colleges to provide student loan counseling to their federal student loan borrowers, but there is significant room for…

As college costs continue to rise, student loan default and repayment are issues of increasing concern to students and families, colleges and universities, and state and federal governments. Helping students borrow responsibly and manage their debt are vitally important to maintaining college access and affordability and increasing the education…