This paper investigates the possible opportunity cost of using standard college savings plans against the advantages of using debt to pay for college. In addition, it presents a practical argument for using debt in place of college savings plans in certain instances. By doing so, investors may not only be able to mitigate the difficulty of saving,…

California has traditionally kept college affordable with a combination of low tuition--particularly at its community colleges-- and generous financial aid. However, in an era of constrained resources, revenue volatility, and increasing economic inequality, a resilient, effective, and efficient financial aid system is increasingly important. The…

Obtaining a college degree has long been considered the key to achieving the American Dream, yet for many it has become increasingly difficult to afford college, as funding for federal financial aid has failed to keep pace with rising tuition costs. Prior research in this area has relied heavily on quantitative data analysis, with limited access…

Federal government policies have shifted the financial burdens of paying for college away from the public (e.g., grants and scholarships) to more onus placed on students and their families (Elliott & Friedline, 2013; Robb, 2011). However, budget cuts due to economic challenges often increase tuition rates (Orfield, 2002) that outpace what…

College affordability is a significant factor in student access, retention, and completion. Tuition and fee rates are a component of affordability, as is the availability of financial aid programs from federal, state, institutional and private sources, among other factors. Strategically designed approaches to college affordability can better…

Nationally, Ithaka S+R estimates that over six million students have completed credits at postsecondary institutions that they cannot document due to a past due balance. These overdue balances contribute to a national problem of stranded credits--credits that students have completed but cannot document because they were unable to fulfill their…

This document records testimony from a hearing before the Subcommittee on Higher Education and Workforce Development of the Committee on Education and the Workforce that was held to examine lowering costs and increasing value for students, institutions, and taxpayers. Opening statements were provided by: (1) Honorable Burgess Owens, Chairman,…

College affordability is a significant factor in student access, retention, and completion. Tuition and fee rates are a component of affordability, as is the availability of financial aid programs from federal, state, institutional and private sources, among other factors. Strategically designed approaches to college affordability can better…

Over the last 30 years, college tuition has skyrocketed. From 1988 to 2018, tuition at public four-year institutions rose 213%. In response to the exponential surge in the cost of higher education, policymakers have focused increasingly on proposals to expand financial aid and loans, and canceling the vast sums of debt that college students have…

As student loans, the cost of college tuition, and even value of higher education remain at the forefront of public discussion, one thing remains true: Affordability is central to adult learners' academic success, and money is one of the primary reasons why adult learners stop out before they graduate. This report takes a deep dive into the…

This is the executive summary for the study "How They Pay: The Voices of Adult Learners on College Affordability, and How Institutions are Responding." The study is based on data from a national survey of 996 adult learners, in-depth interviews with 47 adults from 14 institutions, and interviews with financial aid personnel from six of…

This study investigated how first-generation, loan-borrowing college graduates from a California public college or university viewed the continued increase in college tuition and its impact on their financial well-being. College tuition has continued to increase and outpace the United States rate of inflation, and the mindfulness of student loans…

Student debt levels were already pronounced before the pandemic hit, with $91.1 billion in annual federal student lending in 2019-20, up from $20.7 billion in 1990-91. Over that same period, per-student borrowing rose from $2,110 to $6,276, after adjusting for inflation. Evidence available as of Nov. 20, 2021, suggests that the COVID-19 downturn…

Amid efforts to address the ongoing crisis of high costs, high debt burdens, and decreasing confidence in the value of higher education, TICAS [The Institute for College Access & Success] commissioned leading academics to write a series of papers to inform the policy conversation about how to implement effective, equitable, and sustainable…

With student loan debt reaching approximately $1.6 trillion, many are concerned that student loans may be the next financial bubble to burst. CARES Act funding and U.S. Department of Education actions led to historically low levels of delinquency in 2020-2021. However, there is concern that issues will balloon as soon as governmental action and…