The rising price of attending college has made college affordability an increasingly important policy issue in recent years. In order to make college more affordable for students and their families, states can pursue three possible options. The first option is to provide additional state appropriations to colleges, which allows institutions to…

Michigan's public colleges and universities have become steadily less affordable over the past two decades, mirroring a national trend where state funding of public higher education has not kept pace with costs, leading to increased tuition and fees. States continually assess their higher education tuition and other policies in comparison to their…

This paper examines the effect of marginal price on students' educational investments using rich administrative data on students at Michigan public universities. Marginal price refers to the amount colleges charge for each additional credit taken in a semester. Institutions differ in how they price credits above the full-time minimum (of 12…