The federal government is the lender for the current student loan system, but replacing it with a system that harnesses the advantages of a marketplace of private lending would save $212 billion over the next 10 years while also benefiting students by helping them avoid risky educational choices. Due to ongoing court cases and upcoming regulatory…

Despite their common historical roots, two higher education systems in Latin America differ dramatically in their financing mechanisms. In Argentina, the national government completely subsidizes undergraduate programs in public institutions, while Chile relies mostly on tuition fees charged to individuals attending public institutions. Through…

It has become increasingly difficult for the two major parties in Congress to reach agreement on major higher education legislation. As a result, the Higher Education Act is long overdue for reauthorization. Congressional stalemates on higher education legislation are not conducive to effective and productive governance in this important area of…

Troubled by the inequities in competitive grantmaking, we use critical quantitative methods to analyze the FY2023 federal academic earmarks as a potential mechanism for racialized change work. Specifically, we ask: To what extent does Congress distribute academic earmarks in ways that reinforce or weaken the racialized stratification of resources…

This dissertation consists of two chapters, both of which study the wealth inequality using heterogenous agent general equilibrium model. In particular, the first chapter focuses on a government policy and its implications on wealth inequality. The second chapter incorporates cost to high return assets to generate realistic wealth mobility in the…

Background: Nearly two decades have passed since the last successful reauthorization of the Higher Education Act. Since then, student loan debt and the accumulation patterns based on race have become a pressing issue to address in U.S. society. Purpose: Student debt is one of the key issues on the federal higher education policy agenda. The…

This study examines the learning experiences of government-sponsored second-year international accounting students at a host university in New Zealand. There is an expectation that being financially advantaged, government-sponsored students should navigate better in the new learning environment. Nonetheless, the results show that they experienced…

Through the higher education act (HEA) reauthorization, congress has several opportunities to improve and simplify student loan repayment for borrowers. To address the challenges students face when repaying their loans, congress should simplify the existing federal loan repayment plans, strengthen public service loan forgiveness, eliminate loan…

This article analyzes U.S. Department of Education data on appropriations on Pell Grants using the new Mission-Driven Classification (MDC) to disaggregate enrollment, finance, and need-based Pell Grant data by major public higher education sector and, within community colleges, by geography (rural, suburban, and urban) as well as by the presence…

There was a lot of talk about both the fate of American democracy and American higher education in 2021, but not much consideration about how the two were deeply intertwined. The 1947 report "Higher Education for American Democracy" showed awareness of how race, sex, class, and religious discrimination thwarted the talents and ambitions…

The coronavirus pandemic has led to the most difficult semester in generations on college campuses across the United States. With that semester now wrapping up, public colleges and universities are facing costs that already dwarf the $7.6 billion in federal stimulus funds that are on their way to these institutions. Absent dramatic new action from…

Education is a major factor in economic development in Jordan. Although the country lacks many natural resources, it has invested heavily in its human resources through the provision of quality education. While there is still room for improvement and growth, the country has reached notable milestones in economic development even though it is…

In education policy, conservatives have often been more identifiable by what they are against than what they are for. Ronald Reagan ran in 1980 promising to eliminate the Department of Education, and since then, numerous conservative politicians have stated they wish to do the same. At times, conservatives have been known to support school choice…

Black students are more likely to take on debt, borrow higher amounts, and struggle with repayment than their peers, because they generally have fewer resources to pay for college, thanks to the ongoing generational effects of systemic racism. This debt burden has far-reaching financial consequences, and many Black borrowers are unable to afford…

In March 2019, Senator Ted Cruz (R-TX) introduced a proposal to establish a new, nationwide federal tax-credit scholarship program. Representative Bradley Byrne (R-AL) introduced a companion proposal in the House. Although Congress' support of school choice is praiseworthy, a federal tax-credit scholarship program poses a threat to education…