Over the last 3 decades, the Direct Loan program has grown in size and complexity, with over $1.3 trillion in outstanding loans as of September 2023. This program provides financial assistance to help students and their parents pay for postsecondary education. The Government Accountability Office (GAO) was asked to review issues related to…

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…

America's colleges and universities are at a crossroads. The number of schools closing their doors continues to grow driven by the declining number of students pursuing a bachelor's. This situation is expected to worsen because of a number of factors: (1) Starting in 2025 the U.S. will face the so-called "enrollment cliff," in which the…

Previous studies have focused heavily on the astronomical student loan debt number in the United States of America and the overall expense of higher education; however, few studies have focused on the financial literacy of higher education students and what financial knowledge the individuals possess who were key members of the community who were…

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…

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…

Making college more affordable for families has been a critical issue for states in the SREB region for many years. Now the negative economic impacts of the COVID-19 pandemic have created additional barriers to college affordability. This brief provides an overview of college affordability in the SREB region based on data from the 2017-2018…

The federal government provides financial assistance to individuals for higher education expenses in two major ways: tax benefits and traditional student aid (loans, grants, and work-study assistance). Since 1997, education tax benefits have become an increasingly important component of federal higher education policy. In 2019 and 2020, 12 tax…

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…

The Pell Grant is the cornerstone of the federal student aid programs, providing need-based grant aid to the country's lowest-income postsecondary students. Pell Grants have failed for decades to keep pace with increased college costs and inflation. Doubling the maximum Pell Grant to $13,000 will effectively recalibrate the grant and restore its…

This dissertation presents evidence about implementing a free college policy on higher education's demand and supply. This analysis includes descriptive evidence about the impact of the policy on students and programs' behavior. It also develops and estimates a demand and supply model of higher education that provides a framework to analyze the…

Advocates of tuition-free four-year public college make the argument for it too easy by asserting that it would be paid for out of taxes on the wealthy. Other uses of the revenues are possible. In this paper, Harry Brighouse and Kailey Mullane establish two criteria for comparing different uses of the revenues: the first criterion is, will the…

For 16 years, Sallie Mae has surveyed college students and parents of undergraduate students about their attitudes toward higher education and how they're paying for it. This year's report explores education funding sources--from family income and savings to scholarships, grants, and borrowed funds--and evaluates trends in payment strategies over…

Differences in funding mixtures across the United States create widely variant levels of unmet need for students. This research examines gaps of unmet need between 2003-4 and 2013-14, particularly considering the presence of any local funding provisions and Pell Grant funding changes. These findings are also considered across state, community…

Queer people continue to feel the effects of queer oppression in higher education and beyond, including unique financial challenges. The price of being queer is troubling in a world ordered around capitalism and heteronormative privilege. The purpose of this paper is to examine the financial landscape for queer students and call for a robust…