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…

The coronavirus pandemic brought unprecedented challenges to higher education, intensifying long-standing systemic inequities in college affordability and access. For many students, the total cost of attendance exceeds what they can afford, even with financial aid. The Higher Education Emergency Relief Fund (HEERF) provided a crucial financial…

Title IV of the Higher Education Act (HEA; P.L. 89-329), as amended, authorizes programs that provide financial assistance to students to pursue postsecondary education at eligible institutions of higher education (IHEs). In academic year (AY) 2022-2023 (July 1, 2022-June 30, 2023), 5,918 domestic institutions had written agreements with the U.S.…

The market-based funding model more commonly known as direct student aid, which was adopted by the federal government during the late 1960s and early 1970s, has created a series of unintended consequences that threaten educational equity and the future of public higher education. The economic and societal impacts of the privatization of US public…

This paper provides an overview of the United States higher education system. It gives readers introductory information about the size, scope and governance model of US higher education. This is a challenging task because higher education in the US is highly decentralized with no single 'system' coordinating all institutions of higher education…

The 90/10 rule dictates that no more than 90 percent of institutional revenue at a for-profit college or university (FPCU) can come from Title IV funds. The rule, originally an 85/15 ratio, was introduced in the 1992 amendments to the Higher Education Act and has been debated for 25 years. Proponents argue the rule raises institutional quality by…