This report discusses the ability of specific policy options in strengthening the Pell Grant program to meet the significant financial needs of low-income students. These policy options include: (1) raising the appropriated maximum Pell Grant award; (2) raising both the minimum and appropriated maximum Pell Grant awards; and (3) adjusting federal…

The Division of Policy, Planning, and Research has assembled the Tennessee Higher Education Fact Book which is a compilation of statistical information pertaining to higher education in Tennessee. The 2009-2010 Fact Book contains tables and charts with data relevant to enrollment, persistence, graduation, tuition, financial aid, lottery…

Past research from Pew's Economic Mobility Project (EMP) has shown that a college degree quadruples the chances that an individual born into the bottom income quintile will reach the top quintile in adulthood. For community colleges in particular, the project has shown that getting a community college degree increases earnings by an average of…

With financial aid data on over 14,000 aided students at Williams College for the past 14 years, we can describe how much students actually paid to go to this highly selective and expensive school--their net prices--across income levels and over time. In 2001-02, the last year of our data, aided students across the five income quintiles of the US…

This article describes higher education financial assistance tools designed mainly for students of middle- and upper-income families who may not be eligible for financial aid from other sources. It includes the 2007 legislative updates for these tools, all of which have been devised and offered by either state or federal governments. The authors…

This is a report to members of the Joint Education Appropriations Subcommittee of the Iowa General Assembly. The report summarizes trends in four themes of access and choice for college students in Iowa, including (1) tuition and fees, (2) scholarships and grants, (3) family income, and (4) student loan debt. (Contains 3 tables.)

Five years ago, the National Institute of Certified College Planners, an organization that licenses college-planning professionals, did not exist. This year the organization has 1,200 registered members. Professionals in college financial planning say business is booming, and the bulk of demand for their services is coming from families with…

The Tennessee Education Lottery Scholarship (TELS) program was designed to meet the unique needs of the state of Tennessee by incorporating the hallmark elements of existing merit-based aid programs in other states. Developed through a process involving elected officials and members of the academic community, the TELS program aims to address the…

The work described in this report is part of the national Making Opportunity Affordable (MOA) initiative, and focuses on the presentation of aggregate measures of sector-level trends in revenues and expenditures. This work will be repeated on an annual basis to promote regular use of aggregate measures of spending as part of postsecondary…

The vast amount of research conducted on student persistence over the past thirty years is indicative of the continuing and evolving interest in retention of students. Framed through multiple perspectives, this retention research is driven by the fact that more students leave institutions without graduating, year after year. Much more than an…

This paper studies the nature and impact of credit constraints in the market for human capital. We derive endogenous constraints from the design of government student loan programs and from the limited repayment incentives in private lending markets. These constraints imply cross-sectional patterns for schooling, ability, and family income that…

This author reports that, among high-school students who graduated in the bottom 40 percent of their classes, and whose first institutions were four-year colleges, two-thirds had not earned diplomas eight and a half years later. While four-year colleges admit and take money from hundreds of thousands of such students each year, the students who…

Higher education plays an increasingly important role in helping individuals attain social and economic success. Yet, despite decades of financial aid policy, substantial gaps in college access remain by income level and race. One major impediment to increasing college enrollment among low-income students is the lack of information about financial…

In this article, the author investigates the relationship between undergraduate student loan debt and degree attainment. Using data from the Beginning Postsecondary Student (BPS) surveys in 1995-1996 and 2000-2001, she examines whether the relationship between debt and degree attainment is different for students with different parental income…

A comparison of 1973 gross income reported on the Parents' Confidential Statement (PCS) and the Basic Grant Student Eligibility Report (SER) of students at State University College at Fredonia, New York, revealed patterns of both overestimating and underestimating reported income. Implications for income verification and for application timetables…