Families may choose to save for college or elementary and secondary education expenses using tax-advantaged qualified tuition programs (QTPs), also known as 529 plans. This report provides an overview of the mechanics of 529 plans and examines the specific tax advantages of these plans. Specifically, this report is structured to first compare…

Congress determined that because military service in Iraq and Afghanistan following September 11, 2001, was particularly challenging, servicemembers from that era deserved a veterans educational assistance program more robust than those otherwise available at the time. The Post-9/11 GI Bill was designed to provide more generous benefits than the…

The affordability gap between college costs and available financial resources was a barrier to college access before COVID-19, but the pandemic deepened basic-needs insecurity and highlighted unmet need--the shortfall between students' total costs and the funds available to them through grants or family support. The Higher Education Emergency…

This report outlines key data elements related to the Western Undergraduate Exchange (WUE), Western Regional Graduate Program (WRGP), and Professional Student Exchange Program (PSEP) for the 2022-23 academic year and is a core resource for policymakers, institutional leaders, counselors and other stakeholders across the region. This report…

This report by the Affordable Student Housing Taskforce is presented to the Board of Governors for consideration and approval. The Taskforce was comprised of California Community College four Board of Governors members, stakeholders, and college professionals, including representatives from the Student Senate for California Community Colleges, the…

Through teaching, training, research and service to the community, Canada's universities and colleges are essential to creating a more democratic and just society, driving the economy, and preparing for the future. Canadians need a strong commitment from their federal government to protect and preserve the public post-secondary education system.…

This year, The Institute for College Access & Success (TICAS) Michigan Student Advocacy Fellows focused their advocacy on expanding resources for students to cover rising non-tuition costs associated with higher education. As their culminating project, the students conducted a survey assessing the impact of non-tuition costs on Michiganders…

During the 118th Congress, the House Committee on Education and the Workforce marked up and ordered reported the College Cost Reduction Act (CCRA; H.R. 6951). Most of the bill's provisions would amend the Higher Education Act of 1965 (HEA; P.L. 89-329, as amended), though it is not a comprehensive reauthorization of the HEA. Nevertheless, the bill…

Over the last three decades, the Direct Loan program has grown in size and complexity, with almost $1.4 trillion in outstanding federal student loans. The Direct Loan program provides financial assistance to students and their parents to help pay for postsecondary education. The US Government Accountability Office (GAO) was asked to review changes…

Despite substantial investments in financial aid programs, the available aid often falls short of covering the total cost of attendance (Hanson, 2023). Today, college expenses represent 30% of the annual median family income, pushing many students to rely on loans to finance their education (US Census Bureau, 2023). Among student loan borrowers,…

25 states have introduced programs that offer a tuition-free pathway to degrees or credentials to a substantial portion of their residents. Today's statewide "Promise" programs vary widely in terms of their scope, their generosity, and how they function. As a result, states like Michigan that are considering introducing or expanding…

The Federal Pell Grant program, authorized by Title IV-A-1 of the Higher Education Act of 1965, (HEA; P.L. 89-329), as amended, is the single largest source of federal grant aid supporting undergraduate students. The program provided approximately $26 billion in aid to approximately 6.1 million undergraduate students in FY2021. Pell Grants are…

Making college more affordable for families has been a critical issue for states in the SREB region for many years. Now the negative economic impacts of the COVID-19 pandemic have created additional barriers to college affordability. This brief provides an overview of college affordability in the SREB region based on data from the 2017-2018…

Graduate borrowing makes up a growing share of today's student loans, with about half of all student loan debt borrowed for graduate programs. Average graduate borrowing has grown by about 7 percent for master's degrees and 11 percent for professional degrees over the last 5 years. Borrowing varies widely by field of study and institution type,…

The federal government provides financial assistance to individuals for higher education expenses in two major ways: tax benefits and traditional student aid (loans, grants, and work-study assistance). Since 1997, education tax benefits have become an increasingly important component of federal higher education policy. In 2019 and 2020, 12 tax…