Most colleges and universities help millions of Americans earn a degree or diploma to lead to economic security and a better life. In the wake of the Great Recession, it was revealed that too many for-profit colleges -- by enrolling hundreds of thousands of students -- sought to take advantage of the federal financial aid system to make windfall…

The sudden closure of higher education providers is virtually unknown among publicly funded higher education institutions in the UK, but "market exit" is commonplace among private higher education providers. The UK government is actively championing the expansion of private higher education providers despite a dearth of research on the…

With student loan debt reaching approximately $1.6 trillion, many are concerned that student loans may be the next financial bubble to burst. CARES Act funding and U.S. Department of Education actions led to historically low levels of delinquency in 2020-2021. However, there is concern that issues will balloon as soon as governmental action and…

Though Latinos are enrolling in postsecondary programs in record numbers, they still complete college at rates lower than their White counterparts. Not only are Latinos facing a widening college completion gap, but also a global pandemic that has led Latino college-goers to reconsider returning to school.

This article develops and tests an identity-based account of malfeasance in consumer markets. It is hypothesized that multi-brand organizational structures help predatory firms short-circuit reputational discipline by rendering their underlying identities opaque to consumer audiences. The analysis utilizes comprehensive administrative data on all…

The cohort default rate (CDR) has worked to reduce students' risk of default, but decades of experience have also revealed weaknesses that policymakers must tackle. "Driving Down Default" outlines key priorities for strengthening the CDR to further reduce student loan default, including specific recommendations to protect against…

This report analyzes data from the U.S. Department of Education on the outcomes of New York's federal student loan borrowers who entered repayment in 2012, covering the period from 2012 to 2016. This data brief--the first comprehensive analysis of five-year student loan outcomes in New York--reveals that the student loan default rate in New York…

Two-generation (2Gen) programs and policies create opportunities that allow adults and the children in their lives to build on each other's successes. Ensuring that both parents and children have access to affordable, high-quality educational opportunities, for example, is a core component of a 2Gen approach. Investments in the postsecondary…

Deregulation of for-profit colleges led to a precipitous rise in enrollments from 1990 to 2010. Since 2010, regulation, investigations, and sanctions have led to enrollment declines in for-profit postsecondary institutions. Initially barred from receiving Title IV federal funds, in the form of Pell Grants and Stafford Loans, for-profit colleges…

States and the federal government have long provided substantial financial support for higher education, but in recent years, their respective levels of contribution have shifted significantly. Given the essential role that government funding plays in higher education access and operations, policymakers across the nation frequently face difficult…

The student loan crisis has become a buzz topic that presidential candidates frequently discuss in debates and town halls. Today, accumulated student loan debt equals $1.6 trillion, exceeding total accumulated car loans and credit card debt. What makes this a crisis is the fact that approximately 22 percent of student loan borrowers default on…

With student loan debt reaching approximately $1.5 trillion, many are concerned that student loans may be the next financial bubble to burst. They cite students with loans of more than $100,000 and ballooning loan default rates. They contend that borrowing for higher education may not be worth the financial risks. Some even argue that students…

With student loan debt reaching approximately $1.4 trillion, critics are concerned that student loans may be the next financial bubble to burst. They cite students with loans of more than $100,000 and ballooning loan default rates. They contend that borrowing for higher education may not be worth the financial risks, especially for students who…

In 2015, Lumina Foundation introduced the Rule of Ten, a new method for assessing college affordability for students in the U.S. The rule rests on the assumption that an "affordable" cost for college should not exceed the total of: (1) what a student and his family can save by putting away 10% of their income for the 10 years before…

The proposed College Affordability Act calls for a massive uptick in federal spending on higher education and increased access to federal student aid (which has been shown to inflate tuition), while easing the criteria for federal loan forgiveness, leaving the bill to American taxpayers. Americans need solutions that will drive down the price of…