Currently, Vietnam is adopting a cost-sharing policy for public higher education. A dual mechanism of tuition fees has been introduced: (i) the tuition fee covers part of the instruction cost; and (ii) the tuition fee covers the full instruction cost. Despite this, Vietnamese public universities still face a shortage of income for maintaining good…

The student debt crisis is particularly dire for Black borrowers. Black degree-seekers are more likely to take out student loans to pay for higher education than white students, and they carry the largest average student loan debt of all racial demographics in the nation. The COVID-19 pandemic has created even more barriers to both postsecondary…

Through the higher education act (HEA) reauthorization, congress has several opportunities to improve and simplify student loan repayment for borrowers. To address the challenges students face when repaying their loans, congress should simplify the existing federal loan repayment plans, strengthen public service loan forgiveness, eliminate loan…

Student debt levels were already pronounced before the pandemic hit, with $91.1 billion in annual federal student lending in 2019-20, up from $20.7 billion in 1990-91. Over that same period, per-student borrowing rose from $2,110 to $6,276, after adjusting for inflation. Evidence available as of Nov. 20, 2021, suggests that the COVID-19 downturn…

Each year, the National Association of State Student Grant and Aid Programs (NASSGAP) completes a survey regarding state-funded expenditures for postsecondary student financial aid. This report provides data regarding state-funded expenditures for student financial aid and illustrates the extent of efforts made by the states to assist…

The skyrocketing cost of college has forced more students to borrow money to obtain a degree. Women take on greater debt than men to start, but when women graduate, loan payments collide with the gender pay gap. The compounding effect puts a tight squeeze on women's budgets. This growing crisis requires two responses: helping those who have…

This study examines how primary funding sources during doctoral program including loans, RAships, TAships, fellowships, and personal/family support, are associated with career outcomes among STEM doctoral graduates. Using the 2013 Survey of Earned Doctorates (SED) data commissioned by the NSF, we conducted a series of logistic and multinomial…

With one million defaults on student loans every year, and $1.6 trillion in outstanding student debt, it's clear the US is in desperate need of innovative funding models in higher education. Income Share Agreements, or ISAs, stand to provide a promising alternative to high-risk student loans, as they better align the interests of students,…

Most, but not all school psychology internships in the United States include an intern stipend (Prus et al., 2014). Such financial support for this stage of graduate preparation is critical, especially considering the increasing loan debt incurred by graduate students and imitations in earning power (i.e., opportunity cost) during what is usually…

This study examined predictors of three measures of financial well-being in 354 college students. Results suggest that perceptions of debt are important in understanding financial well-being, but these perceptions need to be considered alongside of individual differences in anxiety, optimism, and parental teaching. Further, regression analyses…

Universities can help level up by boosting earnings, transforming towns and delivering vocational and technical education. They fulfil the aspirations of many young people. In this paper, David Willetts explores how to boost participation in higher education while cutting public spending. He argues it is reasonable to expect graduates to pay for…

Federal Student Aid, an office of the U.S. Department of Education, ensures that all eligible Americans benefit from federal financial assistance--grants, loans, and work-study programs for education beyond high school. By championing the promise of postsecondary education, the office upholds its value as a force for greater inclusion in American…

For the past 13 years, Sallie Mae's "How America Pays for College" study has surveyed American college students and parents of undergraduate students about their attitudes toward college and how they paid for it. The research examines families' attitudes toward the value of a college education, their key considerations about what school…

The development of cost-efficient pathways is a topic of increasing political and scholarly interest across many North American jurisdictions. It has been suggested that 'seamless' transfer pathways can provide financial savings to both students and taxpayers. However, such claims are typically based on hypothetical cost calculations, as opposed…

This Data Point is based on data from four iterations of the National Postsecondary Student Aid Study (NPSAS), a large, nationally representative sample survey of students that focuses on how they finance their postsecondary education. This Data Point includes data on the percentage of total price of attendance covered by Pell Grants and the…