Education and training after high school is critical for individual development and career advancement in Washington's innovative and evolving labor market. However, college enrollment and completion rates lag behind state goals and the national average. Washington has some of the most generous state financial aid opportunities in the country to…

This article uses a sample of 13,643 students attending a 4-year state university in Florida to estimate a selection-bias corrected quantile regression of loan debt at graduation. The study investigates whether the debt levels of students who received the Florida Bright Futures (FBF) scholarship are significantly different from the debt levels of…

State need-based financial aid programs are a key driver of college access and completion for lower-income students and racially marginalized students in California, most of whom attend public two- and four-year colleges and universities and come from families with annual incomes of less than $40,000. As the state's largest need-based financial…

This paper examines how colleges respond to the introduction of broad merit aid programs. Previous research has emphasized the impact of merit aid on enrollment, student choices, and post-matriculation outcomes. Yet much less is known about how state-implemented merit aid programs affect colleges' financial decisions. To explore impacts, college…

Postsecondary education is one of the largest investments that students and their families make, with average yearly cost of attendance--including tuition, fees, room and board--of just under $17,000 to attend a public institution in the 2015-16 academic year. In the context of increasing college costs, aid dollars have failed to keep pace with…

Rethinking the balance between federal and state responsibilities for supporting colleges and universities and making higher education accessible and affordable for students is important. There is little disagreement about the current education financing system being inadequate. The debate is about the best way to solve the problem. In this…

Do tuition vouchers and cash subsidies promote educational or labor force outcomes for "non-traditional" students? I use a regression discontinuity design to estimate the impacts of a state aid program with an unobserved eligibility cutoff. Eligibility has no impact on degree completion for students with a preference for community…

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…

Most discussions of college prices and of students' and families' ability to pay those prices focus exclusively on tuition and fees. This focus sometimes leads to policy recommendations that aim to eliminate tuition and fees without providing additional resources for students from low-income households to buy books and supplies and cover their…

Discussions about college affordability often revolve around helping students pay their tuition and fees. But nontuition expenses, including food, housing, and other living expenses, make up a large portion of student budgets and contribute to increased student debt. These expenses can be a barrier to student enrollment and completion. Lack of…

Americans now obtain college degrees at a higher rate than at any time in recent decades in the hopes of improving their career prospects. At the same time, the rising costs of an undergraduate education have increased dramatically, forcing students and families to take out often unmanageable levels of student debt. The cumulative amount of…

Postsecondary student demographics are dramatically shifting in the state of Texas, resulting in an increased need for state government resources to ensure college access affordability in the state. It is critical that lawmakers prioritize higher education to allow Texans from all backgrounds access to afford higher education. This editorial is an…

Higher education affordability is a complex concept that reflects resources available from multiple parties, the remaining cost of education, and the ability of students and families to pay the balance. States play a key role in determining the affordability of higher education for students attending public institutions. Yet decisions are made…

Public higher education has long been unaffordable for many students, especially for Black and Latino students who have substantially less wealth, on average, than their White peers. Unfortunately, the economic devastation caused by COVID-19 has only exacerbated these financial inequities for Black and Latino households, who have been hit hardest…

Higher education is increasingly important for individual wellbeing, the economic competitiveness of Washington state, and the state's recovery from the COVID-19 crisis. However, postsecondary enrollment trends have not kept pace with the state's changing economic needs and expanded financial aid programs. Issues with stagnant direct enrollment…