For decades, college tuition costs have been skyrocketing, yet state financial aid has failed to meet the increasing economic needs of college students -- leaving many young people with the choice of bridging the financial gap by taking out student loans or not attending college at all. This pressing issue of rising college tuition is not just a…

A governor's State of the State address is an opportunity to outline policy priorities, highlight past accomplishments and reflect on the condition of the state and country. In 2018, 17 governors are serving their last year in office, having reached the end of their term or deciding not to seek re-election. Many of them used their State of the…

Michigan's public education system remains in a perennial rut, as it has for decades. According to the National Assessment of Educational Progress (NAEP), Michigan's fourth grade reading scores show no significant change over the past 16 years. Even before the pandemic, too many dreams have stalled, and academic achievement remains largely…

College is getting harder to afford every year. Debt mounts and jobs, especially in certain industries, don't necessarily provide the financial return they once did. It should come as no surprise to administrators that students and families are feeling the pinch. Rather than ignore the problem, higher education leaders, policymakers, and others…

Although prior research has suggested that some students may be averse to taking out loans to finance their college education, there is little empirical evidence showing the extent to which loan aversion exists or how it affects different populations of students. This study provides the first large-scale quantitative evidence of levels of loan…

Student loans are a crucial aspect of financing a college education for millions of Americans, yet we have surprisingly little empirical evidence concerning individuals' unwillingness to borrow money for educational purposes. This study provides the first large-scale quantitative evidence of levels of loan aversion in the United States. Using…

Many states are experimenting with mechanisms for making college more affordable while maintaining quality and access. This report examines promising or innovative state programs to improve college affordability and credential attainment. Many of these approaches show innovative thinking and bear watching to see if they result in meaningful…