Americans now obtain college degrees at a higher rate than at any time in recent decades in the hopes of improving their career prospects. At the same time, the rising costs of an undergraduate education have increased dramatically, forcing students and families to take out often unmanageable levels of student debt. The cumulative amount of…

The State of Student Aid and Higher Education in Texas (SOSA) annual report from Trellis Research provides information helpful in informing policy and programs for higher education student financial aid. The report serves as a reference for colleges, universities, and policymakers, and provides a comparison of Texas state and federal student aid…

"Liberal Education" spoke with two higher education policy experts on what they expect and hope for from the Biden administration. Viviann Anguiano is an associate director for postsecondary education at the Center for American Progress. Eric R. Felix is an assistant professor at San Diego State University, specializing in higher…

Objective: The purpose of our study was to identify the factors associated with federal loan default among a nationally-representative sample of community college students. The guiding research question was: For community college students who borrow federal loans, to what extent do demographic, academic, and enrollment characteristics relate to…

With grant and scholarship aid as well as family resources unable to keep pace with college costs, loans have become a fact of life for millions of college students each year. In deciding how and how much to borrow, these students are making highly consequential decisions that will impact their future in unknown ways. Policy should aim to reduce…

As the COVID-19 pandemic is proving, maintaining student financial wellness is key to keeping students enrolled. The Student Financial Wellness Survey (SFWS) was open from October 2020 to November 2020. The COVID-19 pandemic and the associated economic crisis were prominent concerns for students as they navigated a mostly remote learning…

Analysis from London Economics for the Sutton Trust shows that the reforms to student finance introduced in October will reduce student loan repayments for graduates by £8,000. However, the report raises concern that these changes do not go far enough to tackle the problems of high student debt and its consequences for both graduates and the…

The Higher Education Act (HEA) of 1965 was meant to unlock the secret to upward economic mobility by granting more Americans the chance to obtain a college degree. Nonetheless, the originators failed to recognize how this dramatic shift in federal higher education policy would affect generations to come. Today the federal government originates or…

This document records testimony from a hearing before the Committee on Education and Labor that was held to discuss the cost of college as well as student-centered reforms to bring higher education within reach. Member statements were presented by: (1) Honorable Robert C. Scott, Chairman, Committee on Education and Labor; and (2) Honorable…

A prominent concern is that college students are harming their long-term economic prospects by making student loan decisions without full information about the implications of their choices. We designed an experiment to examine students' responses to a debt letter, an increasingly popular strategy to provide easily accessible information about…

The 2012 rise in student fees, from £3375 to £9000 per year, made England one of the costliest places to attend university in the world. Drawing on evidence from higher attaining young people attending low-participation schools, this paper renews established types of student debt aversion and tolerance, with sensitivity towards whether they…

Evidence from behavioral economics suggests that the framing and labeling of choices affect financial decisions. Through a randomized control trial of over six thousand high school seniors, community college students, and adults without a college degree, we identify the existence of both framing and labeling effects in respondents' preferences for…

This brief is intended as an evidence-based guide for policy analysts and decision makers to inform critical areas in the Higher Education Authorization Act related to racial justice. Our recommendations prioritize combating systemic racism in higher education with a particular focus on disrupting anti-Blackness, though several sections focus on…

Nationally, student debt has doubled between 2009 and 2019 and is now hovering around $1.7 trillion. The impact that student debt financing is having on borrowers of color is harmful and unsustainable. It is also widening the already significant racial wealth gap. The pandemic is likely to only exacerbate these inequities as people of color and…

This article explores the black box of college adaptation and social integration of low SES students entering higher education under a forgivable loans program. It does so by studying a context of extreme educational and economic inequality. The magnitude of this study offers an unprecedented window to observe interactions between different social…