Objective: This study examines the labor market gains for students who enrolled at for-profit colleges after beginning their postsecondary education in community college. Method: We use student-level administrative record data from college transcripts, unemployment insurance earnings data, and progression data from the National Student…

College typically pays off for low-income students, but not as much as it does for their peers. Low-income students, whose families earn $30,000 or less per year, comprise more than one-third of college students. "The Colleges Where Low-Income Students Get the Highest ROI" finds that low-income students have a lower return on investment…

This paper examines how financial aid reform based on postsecondary institutional performance impacts student choice. Federal and state regulations often reflect concerns about the private, for-profit sector's poor employment outcomes and high loan defaults, despite the sector's possible theoretical advantages. We use student-level data to examine…

This study is the first large-scale examination of the impact of for-profit colleges on the enrollment and outcomes of students at other postsecondary institutions. Using data primarily from the Integrated Postsecondary Education Data System (IPEDS) and a differences-in-differences approach, I estimate the effect of a new for-profit college…

This article develops and tests an identity-based account of malfeasance in consumer markets. It is hypothesized that multi-brand organizational structures help predatory firms short-circuit reputational discipline by rendering their underlying identities opaque to consumer audiences. The analysis utilizes comprehensive administrative data on all…

How do the benefits of higher education compare with its costs, and how does this comparison vary across individuals and institutions? These questions are fundamental to quantifying the productivity of the education sector. The studies in "Productivity in Higher Education" use rich and novel administrative data, modern econometric…

This mixed-methods research examined civic engagement in Chilean public and private for-profit universities and its representation among study volunteers. Focus groups of graduate students along with in-person interviews with university administrators were conducted. The study also used an online survey, which was completed by 202 participants who…

Deregulation of for-profit colleges led to a precipitous rise in enrollments from 1990 to 2010. Since 2010, regulation, investigations, and sanctions have led to enrollment declines in for-profit postsecondary institutions. Initially barred from receiving Title IV federal funds, in the form of Pell Grants and Stafford Loans, for-profit colleges…

Governor Cuomo expanded the state's commitment to college affordability, announcing a new Excelsior Scholarship for New Yorkers attending the state's public colleges, and an Enhanced Tuition Awards Program (ETAP) for nonprofit colleges. Now, as New York implements its expansion of aid to students at public and nonprofit institutions, and considers…

Between the 2008-09 and 2016-17 school years, over 300 degree-granting higher education institutions in the United States have closed their doors. An overwhelming majority of these recently closed institutions are for-profit colleges, which often serve a population of disproportionately low-income students receiving Pell Grants and federal loans.…

In a year that has upended higher education and created great uncertainty, it is more important than ever for students to understand which colleges payoff and how quickly. In April of 2020, Third Way released a report outlining the use of a Price-to-Earnings Premium (PEP) to evaluate the value of attending college and help students assess and…

While the supply and demand for online higher education is rapidly expanding, questions remain regarding its potential impact on increasing access, reducing costs, and improving student outcomes. Does online education enhance access to higher education among students who would not otherwise enroll in college? Can online courses create savings for…

In 2015, Lumina Foundation introduced the Rule of Ten, a new method for assessing college affordability for students in the U.S. The rule rests on the assumption that an "affordable" cost for college should not exceed the total of: (1) what a student and his family can save by putting away 10% of their income for the 10 years before…

Recently released U.S. Department of Education data have revealed new insights into the college outcomes of low-income students. The new data offer some positive news--but they also present warning signs about just how poorly some sectors of higher education are serving students who receive the Pell Grant, the main federal grant offered to…

A long overdue, much needed transformation is underway in the higher education system. It started a decade ago, when federal and state policy­makers first began to collect data on what students earn after pursuing a postsecondary education. But new data are fundamentally differ­ent. Unlike broad-based national statistics, such as how much someone…