As student debt continues to climb, outstripping all other forms of personal debt and topping off at $1.7 trillion nationally, previous research has shown that the amount of anticipated debt has an impact on graduate student career choices. However, there is a dearth of information that shows if student debt is impacting student's choices before…

Ensuring postsecondary education is affordable for Kentuckians is a top priority of the Council on Postsecondary Education (CPE) and higher education institutions. Maintaining access to life-changing postsecondary credentials benefits both individuals and the state alike. This inaugural report on undergraduate student debt demonstrates that…

As endowments and fundraising campaigns have skyrocketed in recent decades, critics have attacked higher education for steeply increasing its production cost and price and the snowballing debt of students. In "Wealth, Cost, and Price in American Higher Education," Bruce A. Kimball and Sarah M. Iler reveal how these trends began 150 years…

The purpose of this qualitative study was to explore the experiences of first-generation Black women who completed at least a bachelor's degree without student loans. While Black women are most burdened by student loan debt, little is known about the experiences of those who navigate college without accruing student loans. Combining endarkened…

As higher education tuition continues to rise in the United States and globally, other costs impacting students, such as fees, parking, and housing, are rising at a similar pace. Concurrently, more higher education institutions are focusing on creating boutique experiences for students, including the option for single-unit housing. This paper…

Using data from four waves of the National Postsecondary Student Aid Study (NPSAS) in 2004, 2008, 2012, and 2016, this study examines the effect of the PGIB on veterans' student loans. Results indicate that the PGIB has significantly affected veteran students' borrowing behavior, with an average $1,100 reduction in Stafford Loans. Veteran students…

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…

Despite substantial investments in financial aid programs, the available aid often falls short of covering the total cost of attendance (Hanson, 2023). Today, college expenses represent 30% of the annual median family income, pushing many students to rely on loans to finance their education (US Census Bureau, 2023). Among student loan borrowers,…

There has been a lack of consensus among researchers and practitioners about how to define financial literacy, but there is agreement that financial education changes depending on the stage of life to which people belong. This study provides consensus on what topics are considered a part of financial literacy specifically for traditional aged…

Five years after our 2019 analysis of student borrowing rates across the University of California (UC) system, TICAS partnered with the University of California Student Association (UCSA) again to evaluate the state of affordability and student debt for undergraduates at the UC, and their implications for student success. While our analysis finds…

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…