Nearly 43 million college student borrowers across the United States owe more than $1.56 trillion in outstanding federal student loans. The number of student borrowers in the country has increased by 1.3 million, or 3.1 percent, over the past five years, while the amount of outstanding student debt in the country has increased by a whopping $…

The Public Health Service Act (PHSA, 42 U.S.C. §§201 et. seq.) authorizes five student loan programs administered by the Department of Health and Human Services (HHS) through the Health Resources and Services Administration (HRSA): (1) Health Professions Student Loans; (2) Loans for Disadvantaged Students; (3) Primary Care Loans; (4) Nursing…

The federal student loan program is needlessly complex, fails to offer an effective safety net for borrowers in financial difficulty, and distributes the largest benefits to borrowers who need them the least. Worse, the safety net designed to support borrowers in financial difficulty, income-based repayment (IBR), has failed to meaningfully reduce…

Former Vice President Joe Biden recently released the Biden Plan for Education beyond High School, which details several policy proposals that would take higher education in the wrong direction. The recommended policies would make higher education costlier and degrees less meaningful--all while pouring billions of dollars into a broken system. The…

Now in its ninth year, the "2017 Student Financial Services Benchmarking Report" has become a key component in our efforts to help institutions compare their key financial indicators against national averages and self-selected institutional peer groups. This year's report provides the survey results of 397 institutions' student account…

Governor Cuomo expanded the state's commitment to college affordability, announcing a new Excelsior Scholarship for New Yorkers attending the state's public colleges, and an Enhanced Tuition Awards Program (ETAP) for nonprofit colleges. Now, as New York implements its expansion of aid to students at public and nonprofit institutions, and considers…

This hearing of the Committee on Health, Education, Labor, and Pensions examines reauthorizing the Higher Education Act, focusing on accountability and risk to taxpayers. The following opening statements were presented: (1) Honorable Lamar Alexander, Chairman, Committee on Health, Education, Labor, and Pensions; and (2) Honorable Patty Murray,…

Between the 2008-09 and 2016-17 school years, over 300 degree-granting higher education institutions in the United States have closed their doors. An overwhelming majority of these recently closed institutions are for-profit colleges, which often serve a population of disproportionately low-income students receiving Pell Grants and federal loans.…

The William D. Ford Federal Direct Loan (Direct Loan) program makes several types of federal student loans available to individuals to assist them with financing postsecondary education expenses. This report presents a comprehensive overview of the terms and conditions that apply to federal student loans made through the Direct Loan program. It…

This brief examines the impact of using a system based on multiple metrics that requires institutions to pass three out of four thresholds for student loan default, student loan repayment, program completion, and postcollege earnings. Currently, a very high loan default rate is the only student outcome that disqualifies institutions from the…

This First Look presents selected findings on the work and life experiences of recent bachelor's degree earners before and during the COVID-19 pandemic. The findings in this report are based on data from the 2016/20 Baccalaureate and Beyond Longitudinal Study (B&B:16/20), which took place in 2020. B&B:16/20 is the second follow-up in a…

This report summarizes teacher workforce challenges and recent initiatives in Texas that are shaping the state of the educator workforce in important ways. Ongoing teacher shortages have led to the creation of a wide range of pathways into the profession, featuring varying types and amounts of training. A growing body of research demonstrates that…

For many people in the United States, college paves the way to the middle class. Programs like Pell Grants and government backed loans help students afford a college degree. These programs help young Americans gain the skills they need to get a good job. But too many Ohioans struggle to afford college and pay back student loans. The Trump…

U.S. citizens or permanent residents, enrolled at least half time in a qualified program at a participating school, not in default on a prior federal student loan, and not previously convicted of a drug offense while receiving federal financial aid are eligible to apply for a student loan. This chart summarizes the interest rates, loan limits, and…

Given the facts that women still earn significantly less than men, that most American students rely on loans to attend college, that tuition in higher education has increased, and that women have to take more students loans than men, can we still claim that we are closing the gender gap? Do females have more burdens to pay off their student loans…