The new student loan repayment plan formally proposed by the Biden administration would let borrowers make lower payments and have remaining loans forgiven sooner than under current plans. Under the proposed income-driven repayment (IDR) plan, most undergraduate borrowers with typical debt levels--and nearly 90 percent of those with certificates…

Discussion of the rising price of higher education and associated student debt in America has been a key feature of political discourse in recent memory, with renewed interest sparked by the announcement of the student loan forgiveness plan. Federal student debt has increased by 756% since 1995, and total student debt tripled from 2007 to 2022.…

Much of the policy debate emerging from concerns over student debt has focused on the structure and operation of income-driven repayment (IDR). As the number of available IDR plans and the share of borrowers enrolling in these plans has increased, the system has become more confusing and difficult to navigate. IDR has not prevented default…

We used Critical Discourse Analysis to examine the racial discourse within recent attempts to reauthorize the Higher Education Act. Specifically, we interrogated congressional markup hearings to understand how members frame student debt and the racialized dynamics embedded within. Our findings highlight three types of discourse: "All…

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…

The student debt crisis is particularly dire for Black borrowers. Black degree-seekers are more likely to take out student loans to pay for higher education than white students, and they carry the largest average student loan debt of all racial demographics in the nation. The COVID-19 pandemic has created even more barriers to both postsecondary…

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…

Student loan debt in the United States is $1.6 trillion and rising. The public debate concerning the human capital value vs. the social capital value of higher education has been shifting toward the former and away from the latter standpoint in recent years. I observe how the current system of Federal student loans is proving inadequate for a…

College tuition at public institutions across the country rose by 36.2 percent on average over the decade 2008-09 to 2018-19. The average total cost of college, accounting for all expenses such as room and board, across all institutions public and private grew by 22.4 percent. Students and their families are borrowing an enormous amount of money…

Differences by race and ethnicity exist in student borrowing trends, as decades of research and statistics on debt, repayment, and default rates have well established. Students who are Black, Hispanic or Latino, and Native American tend to have higher unmet financial need, incur more debt, and struggle financially to stay in school. Yet, even as…

As our country is on the brink of a new presidential administration and new Congress, amid a global pandemic, the importance of investing in and strengthening our nation's postsecondary education system has never been more important. Concerns over college access, affordability, and transparency are colliding with the growing demand in the…

The media discourse on student loans plays a significant role in the way that policy actors conceptualize challenges and potential solutions related to student debt. This study examines the racialized language in student loan news articles published in eight major news outlets between 2006 and 2021. We found that 18% of articles use any racialized…

This article is an analysis on higher education state agencies in eight states in the Midwest and upper South. Analyzing these state agencies through a qualitative case study design, the purpose of this article is to develop an understanding on how a region might define and measure college affordability. The findings highlight that there is a…

For millions of college-going students, one of the most urgent concerns is the rising cost of college and how to pay for it -- and not just for tuition but other necessities like textbooks, housing, food, and transportation. The idea that one can work one's way through college with a minimum-wage job is, in most cases, a myth. Students from…

The last comprehensive reauthorization of the Higher Education Act (HEA) occurred in 2008, and the law has been overdue for another reauthorization for nearly a decade. The National Association of Student Financial Aid Administrators (NASFAA) has worked on reauthorization for nearly a decade. In this report, NASFAA updates its recommendations to…