Promise programs are an increasing popular solution to improving college affordability, reducing educational inequities, and promoting economic development. Promise programs are distinct from other forms of financial aid because they emphasize residency in their eligibility criteria, where students must live and/or attend school in specific…

This research considers Pell grant restoration for incarcerated people for the field of higher education in prison. Using the original data, we outline the limits of Pell funding in the prison context by surfacing persistent funding challenges that the Pell grant alone cannot address and may exacerbate. By providing the necessary investments to…

Differences in socioeconomic status have long been one of the major contributing factors to household educational investment, which is also a key concern in related research. Utilizing Panel Study of Family Dynamics (PSFD) datasets from 2003 to 2004, in this study we examine family investment in children's education in southeast China and Taiwan,…

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…

Undocumented students face numerous hardships in their pursuit of higher education. Those who are part of the Deferred Action for Childhood Arrivals (DACA) program experience some improved college access and tuition affordability, but many administrative and financial barriers continue to impede their educational pursuits. This qualitative work…

We examine how the racial wealth gap interacts with financial aid in American higher education to generate a disparate impact on college access and outcomes. Retirement savings and home equity are excluded from the formula used to estimate the amount a family can afford to pay. All else equal, omitting those assets mechanically increases the…

Background: Nearly two decades have passed since the last successful reauthorization of the Higher Education Act. Since then, student loan debt and the accumulation patterns based on race have become a pressing issue to address in U.S. society. Purpose: Student debt is one of the key issues on the federal higher education policy agenda. The…

States are coordinating with two-year institutions on workforce programming for unemployed or underemployed residents. Reskilling residents is especially vital for states that endured historic unemployment rates as a result of COVID-19-related layoffs. Nationally, the federal Coronavirus Aid, Relief, and Economic Security Act (CARES) is making…

Pursuing a college degree--and the open future for young adults it is believed to secure--anchors what it means to be middle class in the United States today. Acting on the conviction that the rising generation can and should do better than their parents is a middle-class inheritance, and getting young adults to and through college is at the heart…

We update Collier et al. (2021) by using the Survey of Consumer Finances (SCF) 2019 dataset to explore characteristics of enrollees in Income-Driven Repayment (IDR). SCF 2019 is more likely to include borrowers engaged in REPAYE. Findings support an ongoing need to encourage greater IDR participation for lowest-income borrowers and reinforced…

Parents in the United States frequently supplement the student loans available to their children by cosigning on a loan, borrowing against their home equity, or with unsecured debt in their own names. This paper investigates whether some students are constrained from attending and completing college by their parents' lack of access to credit…

Background/Context: Public colleges and universities have sought to recruit and enroll more students from outside their home state in an effort to both enhance institutional prestige and generate additional revenue from the higher tuition rates than nonresident students generally pay. A body of research has shown that nonresident students tend to…

In October 2019, New England Board of Higher Education (NEBHE) called together a group of economists and higher education leaders for a meeting at the Federal Reserve Bank of Boston to discuss the future of higher education ("Preparing for Another Recession?"). No one suspected that just months later, a global pandemic would turn the…

In response to the high cost of textbooks and other course materials, "Inclusive Access" automatic billing programs allow the cost of a discounted eTextbook and/or courseware to be automatically added to a student's tuition bill at the time of course registration. Touted for their ability to lower costs and provide students with access…

Students' access to family help with paying for college tuition and living expenses varies by family resources, structures, and relationships, and can affect later outcomes and the extent to which students rely on various forms of financial aid. This study analyzes an originally collected dataset at two regional public four-year universities in…