Verification is a federally mandated process that requires selected students to further attest that the information reported on their Free Application for Federal Student Aid (FAFSA) is accurate and complete. In this brief, we estimate institutional costs of administrating the FAFSA verification mandate and consider variation in costs by…

Credit hour policies, or performance-based financial aid policies, have become increasingly popular among policymakers seeking to improve degree completion rates. In the Unites States, the college completion agenda has been bolstered by national calls from intermediary organizations and philanthropic foundations alike to raise the overall rate and…

Community college enrollment has significantly declined since the start of the COVID-19 pandemic. Between the spring 2020 term and the spring 2022 term, community college enrollment declined by nearly 17 percent nationwide. This alarming trend has posed a threat to the well-being of community colleges and the students they serve, which includes…

The higher education system does not work well for taxpayers, students, or higher education institutions. Student loans were expected to be such a good deal for taxpayers that their projected revenues were used to offset costs associated with the Affordable Care Act and increasing the size of Pell Grants. Less than a decade ago, the federal…

The market-based funding model more commonly known as direct student aid, which was adopted by the federal government during the late 1960s and early 1970s, has created a series of unintended consequences that threaten educational equity and the future of public higher education. The economic and societal impacts of the privatization of US public…

RAND researchers studied more than 450,000 recipients of New Jersey's Tuition Aid Grant (TAG) -- the nation's most generous state-funded grant program per state resident college student -- to explore whether getting larger amounts of grant aid led to higher graduation rates for students at varying income levels and attending two-year, four-year,…

In Fall 2022, the U.S. Education Department unveiled a drastic overhaul of federal student loan policies. The new rules serve as a key vehicle to advance the Biden administration's higher education agenda. However, some of the final regulations look quite different from the policy proposals initially outlined in President Joe Biden's campaign…

With more than 38% of all 2015-16 undergraduates taking out student loans, total student loan debt of over $1.3 trillion, and a projected cumulative student loan default rate of nearly 40 percent by 2023, Income Share Agreements (ISAs) have gained traction, emerging as an alternative financial aid mechanism. This study utilizes nationally…

The federal Pell Grant was designed to help low-income students pay for college. But over the past two decades, a growing share of middle-income students have become eligible for the program. This was not policymakers' explicit goal. This report examines how the program came to increasingly provide students from middle-income families with grants,…

As our country is on the brink of a new presidential administration and new Congress, amid a global pandemic, the importance of investing in and strengthening our nation's postsecondary education system has never been more important. Concerns over college access, affordability, and transparency are colliding with the growing demand in the…

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…

The 2020 Democratic presidential primary elevated free-college plans to the top of the national agenda, with many candidates proposing expansive programs to help states make public colleges and universities free for in-state students. Proponents of these plans argue that tuition at public colleges and universities has become increasingly…

In an era of increased accountability for colleges and concerns about an affordable education, it is useful to understand whether students can adequately manage the debt burden they hold after leaving higher education. In 2015, Texas called for cumulative undergraduate debt to be 60% or less of public institution graduates' first-year earnings by…

What do state policies say about how to fund postsecondary education? This 50-State Comparison answers this question by searching state statutes, state rules and regulations, enacted state budget bills, and state postsecondary education agency policies that address postsecondary education budgeting and funding. According to the content of the…

This dissertation includes three chapters focusing on policies directly related to improving college access and success. The first chapter focuses on lifetime eligibility of federal and state financial aid policies. The Pell Grant plays a critical role in helping students across the US to afford undergraduate education. In spite of its importance…