This study focuses on tuition reset policies, where colleges reduce the published sticker price by at least 5%, and in many instances, much more. We use a difference-in-differences design to examine the effect of these policies on student enrollment disaggregated by race/ethnicity and a proxy for economic disadvantage. On average, these policies…

Community college baccalaureates (CCBs) provide an affordable pathway to baccalaureate-level education but increasing tuition rates present a potential financial barrier for students. Institutional aid as a cost-constraining mechanism has historically been less utilized in the 2-year sector when compared to traditional 4-year institutions. Yet,…

In response to rising college tuition and student debt over the past three decades, some institutions, localities, and states have implemented a range of tuition-free promise programs to promote college access and success. Programs vary widely in their design features, including eligibility stipulations and award structure. I explore the growing…

Community college baccalaureate (CCB) degree programs have become increasingly popular in recent years, with over 100 community colleges in 24 states currently offering at least one bachelor's degree program. Despite the growing prevalence of CCB degree programs, the financial implications of CCB adoption remain largely unknown. This study…

Governments around the world use grant and loan programs to ease the financial constraints that contribute to socioeconomic gaps in college completion. A growing body of research assesses the impact of grants; less is known about how loan programs affect persistence and degree completion. We use detailed administrative data from Chile to provide…

Dropout of university students can have negative consequences for students' futures as well as for university income. University systems with a multiple enrollment policy may offer students benefits, such as a second chance to graduate instead of dropping out. However, little is known about the outcome constellations (graduation, dropout) of…

Using an output distance function as an analytic framework, stochastic frontier analysis (SFA), and a generalized true random effects (GTRE) model, this study examines the financial context of bachelor's degree production efficiency among public master's colleges and universities (MCUs) in the United States. Employing a GTRE model, degree…

How expensive is a college degree? Usually, the answer is based on what students pay in tuition and fees compared to what they earn after graduation. Very little is known about the economic cost of running an electrical engineering program compared to, say, a history department, or the resource consequences of steering more students into these…

The traditional mission of community colleges is rooted in the provision of sub-baccalaureate education at a low price, but a total of 19 states have changed their legislative policies and currently allow community colleges to offer community college baccalaureate (CCB) degree programs. This study examines the impact of CCB adoption on the tuition…

Promise programs, or place-based tuition-free college policies, have become increasingly popular among policymakers looking to expand postsecondary attainment. In this article, we examine Tulsa Achieves, a widespread, albeit understudied type of promise program that covers the balance of students' tuition and fees after other aid is exhausted at a…

To counter tuition and textbook costs for degree-seeking students, a specific pathway to a bachelor's degree in Leadership was developed. The pathway, comprised of partnerships with the high school Leadership Academy at a public high school, community college, and Old Dominion University (ODU), reduced tuition and textbook costs, allowing the…

Recent efforts to increase college access and completion concentrate on reducing tuition rates at community colleges, but researchers and policy makers alike have expressed concern that such reductions may not lead to long-term gains in college completion. In this paper, I use detailed data on students' college enrollment and completion outcomes…

The El Dorado Promise program is a universal, first dollar Promise program that guarantees a full tuition scholarship to students who attend the El Dorado School District from grades K-12, and a partial scholarship for those enrolled for at least 9th through 12th grade. We use a difference-indifferences framework to examine the impact of the El…

In this article, I utilize a regression discontinuity design to estimate the effects of Tulsa Achieves--a prevalent and understudied type of tuition-free college program. In contrast to concerns regarding tuition-free community college suppressing bachelor's degree attainment, I find that Tulsa Achieves increased the likelihood of transferring to…

We generate selection-adjusted NPV and IRR estimates for a bachelor's degree in the U.S. which account for time-to-graduation, debt financing and tuition levels. We find that a college degree is generally worthwhile, but the private value of the investment is a declining function of time-to-graduation. Selection-adjustments show that for students…