On August 24, 2022, President Biden announced that his administration would be cancelling $10,000 -- $20,000 of student debt for middle- and lower-income borrowers. Naturally, this announcement has unleashed a wave of follow-up questions among borrowers. This fact sheet is intended to help Californians with student loans navigate the process of…

This study seeks to assess whether self-interest influences support for two policies to cancel student debt--one forgiving all student debt and one taking a means-tested approach to debt forgiveness. Each of these policy proposals offers a material benefit to certain groups of individuals while imposing cost or having no benefit to others, which…

"Student Debt and the Class of 2020" is The Institute for College Access & Success' (TICAS') sixteenth annual report on the student loan debt of recent graduates from four-year colleges, documenting changes and variation in student debt across states and colleges. State averages for debt at graduation in 2020 ranged from $18,350…

This report aims to expand the window into federal student loan defaults beyond the event of default itself. It attempts to provide the most robust look to date of what happens to student loans "after a borrower defaults and why." Ultimately, this information should help policymakers evaluate the current set of policies related to…

In Fall 2022, the U.S. Education Department unveiled a drastic overhaul of federal student loan policies. The new rules serve as a key vehicle to advance the Biden administration's higher education agenda. However, some of the final regulations look quite different from the policy proposals initially outlined in President Joe Biden's campaign…

This paper summarises the evolution of student contributions in Australia since 1989, exploring system redesigns that commenced in 1997, 2005 and 2021. Public and private benefits are recurring themes in setting student contributions, both as high-level justifications for government policy and in pricing specific disciplines. Professor Andrew…

As Washington prepares to welcome a new Congress in January 2023, incoming policymakers who want to improve education for every student and give parents more control over where and how their children are educated have many policy options at their disposal. New Members of Congress who want to protect taxpayers and rein in college costs also have…

"Liberal Education" spoke with two higher education policy experts on what they expect and hope for from the Biden administration. Viviann Anguiano is an associate director for postsecondary education at the Center for American Progress. Eric R. Felix is an assistant professor at San Diego State University, specializing in higher…

The overall financial structure of US higher education has changed dramatically over the past 30 years, resulting in a significant reduction of public funding. One result of this shift has been the steadily increasing costs of tuition as an increasing portion of the financial structure of higher education is shifted to students. Increased costs to…

Although default rates have decreased in recent years, community colleges still struggle to keep their rates in check: 18.5 percent of borrowers from public two-year colleges default within three years compared to the national average rate of 11.3 percent. In 2015, the Association of Community College Trustees (ACCT) published "A Closer Look…

This book analyzes reliable evidence to tell the true story of student debt in America. One of the nation's foremost experts on college finance, Sandy Baum exposes how misleading the widely accepted narrative on student debt is. Baum combines data, research, and analysis to show how the current discourse obscures serious problems, risks…

This essay synthesizes the most recent and rigorous research on student loan debt. It focuses on basic questions about who borrows, how much, and whether debt affects behaviors. Answers to these questions are necessary for informing federal student loan policymaking, yet the research findings are surprisingly mixed because of poor data quality,…

"Student Debt and the Class of 2014" is the tenth annual report on the student loan debt of recent graduates from four-year colleges. It documents the latest rise in student loan debt and finds considerable variation among states as well as colleges. It also includes a new analysis of how debt at graduation has changed over the last…

"A Closer Look at the Trillion: Borrowing, Repayment and Default at Iowa's Community Colleges," takes an unprecedented look at community college student borrowing and repayment behavior. The report uses data from all 16 community colleges in Iowa to examine the characteristics of borrowers and defaulters to help colleges and policymakers…

American Association of State Colleges and Universities' (AASCU's) public policy agenda, rooted in an uncompromising commitment to opportunity for the nation's students, is expressed through the following core principles: (1) Higher education is a common good that provides significant benefits to individuals and society as a whole; (2) America's…