In 2008, America's largest government-sponsored enterprises (GSEs)--the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac)--recorded combined net losses of $109 billion. This figure surpassed the GSEs' cumulative net income over the prior 40 years, and the federal government placed both…

The Higher Education Act of 1965, as amended, specifies a loan origination fee of 1 percent for all Direct Subsidized Loans and Direct Unsubsidized Loans, and a fee of 4 percent for all Direct PLUS Loans for both parent borrowers and graduate and professional student borrowers. Student loan origination fees, the hidden student loan tax, generated…

Title IV of the Higher Education Act of 1965 (HEA; P.L. 89-329, as amended) authorizes the operation of three federal student loan programs: the William D. Ford Federal Direct Loan (Direct Loan) program, the Federal Family Education Loan (FFEL) program, and the Federal Perkins Loan program. While new loans are currently authorized to be made only…

In the United States, more than 68 million students are enrolled in public elementary and secondary (K-12) schools or degree-granting postsecondary institutions. School and campus safety and security for these students encompasses many issues, including violence prevention and response, school climate, and the physical and mental health of the…

The goal this article is to describe the economic impact of the COVID-19 pandemic, compare the situation in the United States (U.S.) to that of similar countries, and analyze the actions taken by the U.S. government. The authors chose to compare the U.S. to Canada, the United Kingdom, and Germany as these countries are similar to the U.S. in their…

The Biden Administration has taken numerous actions to address student loan debt. These actions have ranged in scope (both in terms of the borrower populations affected and associated modification costs), their rationales, and the avenues through which they were taken (e.g., formal rulemaking procedures, issuance of guidance). One effect of these…

Poverty & Race Research Action Council's (PRRAC's) March 2021 policy brief, "Mixed income neighborhoods and integrated schools: Linking HUD's Choice Neighborhoods Initiative with the Department of Education's Magnet Schools Assistance Program" (ED611507), highlighted an important opportunity for interagency collaboration, encouraging…

In this report, the authors propose and simulate a framework for a new foundation formula approach to distributing federal K-12 education aid. This proposal, with full funding and compliance, would provide every school district with the estimated revenues necessary to reach the goal of average national outcomes in mathematics and reading. The…

School-based health services (SBHS) are a convenient, powerful, yet underused strategy to meet student needs and increase equitable access to healthcare. At a time when the nation is combating a youth mental health crisis and federal education funding is at an all-time high, state leaders can do more to leverage federal funding streams,…

Through the higher education act (HEA) reauthorization, congress has several opportunities to improve and simplify student loan repayment for borrowers. To address the challenges students face when repaying their loans, congress should simplify the existing federal loan repayment plans, strengthen public service loan forgiveness, eliminate loan…

There was a lot of talk about both the fate of American democracy and American higher education in 2021, but not much consideration about how the two were deeply intertwined. The 1947 report "Higher Education for American Democracy" showed awareness of how race, sex, class, and religious discrimination thwarted the talents and ambitions…

When state budgets are tight, Pell Grants can indirectly give states more financial flexibility to support the success of innovative state and local ideas. Conversely, cuts to Pell, or the failure to maintain current provisions such as tying the value of it to inflation, can have lasting negative impacts on the success of state postsecondary…

It is the nation's collective responsibility--including the federal government's--to ensure that all young people have equal access to a high-quality, world-class education. This goal has never been more important than in today's fast-growing knowledge economy that is coupled with increasing rates of poverty as more and more families are left…

In education policy, conservatives have often been more identifiable by what they are against than what they are for. Ronald Reagan ran in 1980 promising to eliminate the Department of Education, and since then, numerous conservative politicians have stated they wish to do the same. At times, conservatives have been known to support school choice…

To continue the nation's progress in creating safe schools, states and school districts need support to implement evidence-based approaches that address student needs. Since 1999, federal discretionary funding to improve student safety has sought to address the underlying factors--students' social and emotional development and mental and…