This study examines the relationship between cost efficiency and privatization at 163 public research institutions in the United States between 2005 and 2015. We employ a spatial autoregressive (SAR) random-effects model and stochastic frontier analysis (SFA) to estimate the relationship between costs and four privatization variables: auxiliary…

The most recent data on tuition, appropriations, and state grant aid present an economic outlook that appears favorable in the West. Tuition rates remained relatively flat for the past decade, total state funding to higher education increased across the region in the past year, and state grant aid continued to increase since 2010-11. Despite these…

Substantial increases in public university tuition often raise concerns about college affordability. But assessment of the impacts on low- and moderate-income families requires consideration of whether net tuition--tuition less grant aid--has increased commensurately. This paper describes recent shifts in net tuition by family income and…

This dissertation studies the market for higher education and impacts of higher education policy on the market. In the first chapter, I estimate the short-run elasticity of supply of higher education using the rollout of state merit grant programs as plausibly exogenous variation in student demand for in-state higher education. I find that public…

This paper studies the causal impacts of public universities on the outcomes of their marginally admitted students. I use administrative admission records spanning all 35 public universities in Texas, which collectively enroll 10 percent of American public university students, to systematically identify and employ decentralized cutoffs in SAT/ACT…

California's public higher education system has catapulted the state into global leadership such that, the state is the 5th largest economy in the world today. A bachelor's degree, in particular, provides unrivaled economic and health benefits for the individual earning the degree and for the state. To better understand how California's public…

Advocates of tuition-free four-year public college make the argument for it too easy by asserting that it would be paid for out of taxes on the wealthy. Other uses of the revenues are possible. In this paper, Harry Brighouse and Kailey Mullane establish two criteria for comparing different uses of the revenues: the first criterion is, will the…

Using an output distance function as an analytic framework, stochastic frontier analysis (SFA), and a generalized true random effects (GTRE) model, this study examines the financial context of bachelor's degree production efficiency among public master's colleges and universities (MCUs) in the United States. Employing a GTRE model, degree…

Since the Spring of 2020, the COVID-19 pandemic has upended the lives of billions of people worldwide. Seemingly overnight, colleges and universities transitioned their entire operations online. There is no playbook for how to best respond to this global pandemic. While it is virtually impossible to predict the lasting impact that COVID-19 will…

Each year, 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 postsecondary…

The Pell Grant is the foundational need-based student aid program in the United States, providing students of lower socio-economic status a pathway to afford college costs and educational expenses. Currently, over one-third of all U.S. undergraduate students receive Pell. This paper examines federal Pell assistance and institutional costs for…

Analysis finds that out-of-pocket college costs are unaffordable for low-income Californians, and often more so at the state's community colleges where tuition is low. This analysis is the third in a series, and is the first to look at affordability challenges of students in different living arrangements. [Debbie Cochrane and Oliver Schak made…

At the end of 2019, 43 million Americans owed over $1.5 trillion in federal student loans. The rapid increase in these balances over the past decade has led many to deem student debt a "crisis." Now, there is growing support among Democratic policymakers, and even some Republicans, to immediately cancel all or most of the federal…

Since 2003, the State Higher Education Executive Officers Association (SHEEO) has produced the annual State Higher Education Finance (SHEF) report to broaden understanding and enable analysis of state-level and national funding and enrollment trends over time. The SHEF report provides the earliest possible review of state funding for higher…

The far-reaching impacts of COVID-19 have generated unprecedented challenges for higher education institutions, states, and individuals over the past year. This includes significant budget implications that resulted in a strained and uncertain fiscal environment as states seek to meet goals and priorities while providing affordable and accessible…