Current assessments of college value fall short of centering race in its measurements by ignoring the unique economic conditions students of color face. To support ongoing advocacy for equitable investments in both students of color and institutions serving the largest shares of racially marginalized students, in its latest analysis, The Institute…

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…

As college promise programs proliferate across the United States with noted intentions to promote access through increased affordability, it is necessary to understand the relationship between these programs and other forms of financial aid, including loans. Using federal, state, and program-level data, we leverage a natural experiment to estimate…

Self-leadership examines how individuals can motivate themselves through behavior focused strategies, constructive thought patterns, and natural reward strategies. This study examined the potential influence of self-leadership on financial self-efficacy, credit card debt, and student loan debt among college students. Data were collected from a…

New Jersey's state grant program delivers the highest level of need-based aid per student in the country. And the state's major grant program, the Tuition Aid Grant (TAG), funds all eligible students, rather than excluding students when the funding runs out. But different levels of grant aid for enrollment in different institutions within sectors,…

RAND researchers studied more than 450,000 recipients of New Jersey's Tuition Aid Grant (TAG) -- the nation's most generous state-funded grant program per state resident college student -- to explore whether getting larger amounts of grant aid led to higher graduation rates for students at varying income levels and attending two-year, four-year,…

The allocation of merit-based awards and need-based aid is important to both universities and students who wish to attend the universities. Current approaches tend to consider only institution-centric objectives (e.g. enrollment, revenue) and neglect student-centric objectives in their formulations of the problem. There is lack of consideration to…

College affordability is a significant factor in student access, retention, and completion. Tuition and fee rates are a major component of affordability, as is the availability of financial aid programs from federal, state, institutional and private sources. Strategically designed approaches to college affordability can better assist families in…

These tables present data from four administrations of the National Postsecondary Student Aid Study (2003-04, 2007-08, 2011-12, and 2015-16) showing trends in how graduate students financed their education. Data include the demographic attributes and academic characteristics of graduate students and the average price of attendance for the programs…

Today, costs loom large in public discussions about the problems in higher education. That's no wonder. Tuition at four-year private colleges has grown at an average annual rate of 2.3% above inflation over the past 10 years. Four-year public and two-year institutions have seen similar trends, with tuition growing at an annual rate of 3.1% and…

This dissertation investigates the impact of information and policy on the efficiency of higher education financing, particularly for low-income students in Latin America. Through three empirical studies, it addresses the barriers posed by information asymmetries and institutional discretion in student loan and college admission processes and…

Student enrollment at community colleges within the U.S. has remained flat or decreased for over a decade (AACC, 2019). Before COVID-19, community colleges had been experiencing a steady decline in enrollment for approximately ten years (Irwin et al., 2021). The purpose was to determine whether demographic, environmental, and academic variables…

Higher education is a critical tool for social mobility, but today, students and their families face significant challenges. It is against this backdrop that the Bipartisan Policy Center (BPC) convened the Task Force on Higher Education Financing and Student Outcomes. This group has identified several areas of federal policy ripe for reform that…

"Fault Lines in Borrowing: Academic Outcomes of Students in Default" examines factors influencing and influenced by loan defaults among students at Valencia College in Orlando, Florida. The findings demonstrate that loan defaults and their harsh penalties are strongly associated with poorer academic persistence and completion. The paper…

In 2014, ACCT and TICAS partnered to examine student loan default at nine community colleges and explore administrative practices aimed at addressing students' default risks. At each college, we analyzed cohort default rate data and uncovered notable trends and populations at higher risk, identified default-reduction strategies the college was…