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…

After trailing the national average for five years, funding per student at public colleges and universities in Wisconsin overtook it in 2021. State and local tax and tuition funding per student dropped nationally after adjusting for inflation and rose in Wisconsin, though it remains lower for four-year campuses in Wisconsin. The state's colleges…

Fewer young adults believe college is important, only about one-third of the American public has confidence in higher education. A recent study from Pew Research Center revealed that Americans are increasingly concerned about affordability, access, and the overall payoff of a college degree. Meanwhile, technological advances and AI have begun to…

The price of higher education continues to increase, and millions of Americans struggle with student loan debt. At the same time, a college degree is for so many a path to career success and financial security, and our region's employers depend on a talented pipeline of highly skilled workers to continue to grow and thrive. Pell Grants were…

This paper examines the effects of Pell Grant eligibility on student outcomes. Using a regression discontinuity (RD) design and a partial identification approach, the study provides bounds on the treatment effects that account for selection bias arising from the loss of grant eligibility. While initial eligibility is determined by financial need…

Created in 1972, the Pell Grant program awards grants to low-income students to help pay for whatever accredited U.S. college they choose. Totaling $28.4 billion in 2019-20, the program is the most significant source of federal student aid for college. However, as the program turns 50 this year, many advocates are hoping to expand its reach and…

The Biden administration launched a new income-driven repayment (IDR) plan for federal student loans this year called Saving on a Valuable Education (SAVE). The plan cuts borrowers' monthly payments compared with current IDR plans, provides earlier loan forgiveness for smaller debts, and prevents unpaid interest from accumulating. To better…

This study explores whether the Trade Adjustment Assistance Community College and Career Training (TAACCCT) Program, the largest federal investment in community colleges in this nation's history, expanded and improved vocational training programs. We find that, on average, the completion of credentials in career-technical fields increased at…

In December 2023, TICAS published new research on the College Affordability Gap--the gap between students' total cost of attendance and non-loan aid available to them--in California, Michigan, and New York, with a focus on students eligible for Pell Grants. Our new report builds on this research with data from nine additional states (Colorado,…

This is the technical documentation for the report, "How the College Cost Reduction Act Could Threaten the Teacher Pipeline." The College Cost Reduction Act would overhaul the Higher Education Act, making changes to student borrowing and repayment, borrower protections, college oversight, postsecondary data, and more. The bill includes a…

Federal Student Aid is money from the Federal Government that helps you pay for college, career school, or graduate school expenses. Federal student aid is available through grants, work-study funds, and loans. Every student who meets certain eligibility requirements can get some type of federal student aid. This brief describes the types of aid…

Over the last three decades, the Direct Loan program has grown in size and complexity, with almost $1.4 trillion in outstanding federal student loans. The Direct Loan program provides financial assistance to students and their parents to help pay for postsecondary education. The US Government Accountability Office (GAO) was asked to review changes…

The Federal Pell Grant program, authorized by Title IV-A-1 of the Higher Education Act of 1965, (HEA; P.L. 89-329), as amended, is the single largest source of federal grant aid supporting undergraduate students. The program provided approximately $26 billion in aid to approximately 6.1 million undergraduate students in FY2021. Pell Grants are…

Few people in the U.S. have adequate finances for college tuition. Many scholarships, grants, federal loans, and work study funds are connected to students through the Free Application for Federal Student Aid. The FAFSA also connects students to free tuition in the form of Promise programs offered in some U.S. states. Many students of varying…

Despite high prices, many college students do not re-file the Free Application for Federal Student Aid (FAFSA) or file late, making college less affordable. Low-cost technological interventions delivering personalized information and/or advising may improve refiling and academic outcomes, but questions remain regarding the efficacy of this…