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…

Low-income students' preferences for higher education might depend on the uncertainty of financial aid. Using a time discontinuity design, this paper exploits the unanticipated cancellation of a nationwide Colombian merit and need-based scholarship, called "Ser Pilo Paga," to study its consequences on students' preferences for higher…

Decreasing real value in fiscal allocations to higher education is crippling the sector's ability to effectively respond to its broader social and economic transformation mandate enjoined in the South African Constitution. Improving student access, retention, and throughput rate are leading priorities of the Department of Higher Education and…

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…

The "Student FAFSA Completion Report" (2023) is submitted pursuant to Education Article § 7-212, Annotated Code of Maryland, which requires the Maryland Longitudinal Data System (MLDS) Center to annually produce, on or before December 15th of each year, beginning in 2023 and ending in 2028, on the submission and completion of the Free…

The report examines how enrolled undergraduate students and parents of undergraduates view higher education and how they pay for it. The report considers education funding sources--from parent and student income and savings to scholarships, grants, and borrowed funds--and evaluates trends in payment strategies over time. This 17th edition provides…

In December 2023, TICAS published new research on the College Affordability Gap--the gap between students' total cost of attendance and non-loan aid available to them--in California, Michigan, and New York, with a focus on students eligible for Pell Grants. Our new report builds on this research with data from nine additional states (Colorado,…

"Free college" (sometimes called Promise) programs are common in U.S. higher education. Reviewing 88 studies of 25 state and local programs, I provide a nuanced picture of the mechanisms through which these programs may work and their likely effects on students, communities, and colleges. Some commonly-claimed mechanisms for these…

The purpose of this mixed methods action research study was to implement digital outreach strategies, which would enhance students' motivation to complete financial aid requirements and scale the departments' more time-consuming counseling efforts. Using self-determination theory as the primary framework, I implemented the use of a series of…

The Parent PLUS loan covers the financial gap of a student's educational expenses after other forms of financial assistance. Depending on the unmet need, the PLUS loan amount borrowed can be tens of thousands of dollars for a single academic year. In this research article, I provide results from evaluating financial aid offers at Missouri public,…

Recently new types of scholarships have emerged known as promise scholarships. A promise scholarship aims to increase collegiate attainment by promising financial aid to eligible students. Promise scholarships differ from traditional scholarships in that promise scholarships are non-competitive and not necessarily needs based. Typical eligibility…

The financial aid process extends beyond once a student submits the Free Application for Federal Student Aid (FAFSA) application. Scholars have found that the financial aid process can be cumbersome, especially for minoritized students. What is unclear in the literature are the additional hurdles students encounter to obtain financial aid. I…

In the United States today, there exists a very serious conversation over financial aid at all levels of education. The conversation going on nationally permeates every level of society: politics, the nuclear family, and the economy. Further, at this point in our national history, we have several generation gaps with respect to education and its…

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…