At a time when student loan debt continues to mount for many, the Public Student Loan Forgiveness (PSLF) program--established in 2007 and administered by Education--is intended to encourage individuals to pursue careers in public service. Senate Report 116-48 included a provision for the Government Accountability Office (GAO) to study the…

This brief uses administrative data provided on the Baccalaureate and Beyond and Beginning Postsecondary Students data sets to examine student loan repayment over time. Specifically, we provide descriptive details on what differentiates borrowers in income-driven repayment (IDR) plans and explore the relationship between these plans and short-term…

Governor Cuomo expanded the state's commitment to college affordability, announcing a new Excelsior Scholarship for New Yorkers attending the state's public colleges, and an Enhanced Tuition Awards Program (ETAP) for nonprofit colleges. Now, as New York implements its expansion of aid to students at public and nonprofit institutions, and considers…

This hearing of the Committee on Health, Education, Labor, and Pensions examines reauthorizing the Higher Education Act, focusing on accountability and risk to taxpayers. The following opening statements were presented: (1) Honorable Lamar Alexander, Chairman, Committee on Health, Education, Labor, and Pensions; and (2) Honorable Patty Murray,…

Between the 2008-09 and 2016-17 school years, over 300 degree-granting higher education institutions in the United States have closed their doors. An overwhelming majority of these recently closed institutions are for-profit colleges, which often serve a population of disproportionately low-income students receiving Pell Grants and federal loans.…

In 2010, the author wrote an essay, "The New Indentured Educated Class," for "The New England Journal of Higher Education." This piece was pivotal in raising public awareness about a new group of Americans, an enormous group of people--educated and deeply in debt. At that point, few were talking about the student loan debt…

The William D. Ford Federal Direct Loan (Direct Loan) program makes several types of federal student loans available to individuals to assist them with financing postsecondary education expenses. This report presents a comprehensive overview of the terms and conditions that apply to federal student loans made through the Direct Loan program. It…

This brief examines the impact of using a system based on multiple metrics that requires institutions to pass three out of four thresholds for student loan default, student loan repayment, program completion, and postcollege earnings. Currently, a very high loan default rate is the only student outcome that disqualifies institutions from the…

This First Look presents selected findings on the work and life experiences of recent bachelor's degree earners before and during the COVID-19 pandemic. The findings in this report are based on data from the 2016/20 Baccalaureate and Beyond Longitudinal Study (B&B:16/20), which took place in 2020. B&B:16/20 is the second follow-up in a…

This report summarizes teacher workforce challenges and recent initiatives in Texas that are shaping the state of the educator workforce in important ways. Ongoing teacher shortages have led to the creation of a wide range of pathways into the profession, featuring varying types and amounts of training. A growing body of research demonstrates that…

In this teaching note, the authors use an iconic London building, the Gherkin, as a motivation to understand exchange rates, cross exchange rates, and unhedged exchange rate risk. The famous tower was constructed in the early 2000s by Swiss Re, an insurance company, and then sold to investors as part of a sale-leaseback deal in early 2007.…

The rate of default on college loans in the United States is staggering and poses a major financial threat not only to the students who are unable to repay their student loans but the U.S. economy. For instance, in 2011, borrowers at nonprofit and for-profit 4-year colleges accounted for almost 50% of all federal loan recipients. College students…

For many people in the United States, college paves the way to the middle class. Programs like Pell Grants and government backed loans help students afford a college degree. These programs help young Americans gain the skills they need to get a good job. But too many Ohioans struggle to afford college and pay back student loans. The Trump…

U.S. citizens or permanent residents, enrolled at least half time in a qualified program at a participating school, not in default on a prior federal student loan, and not previously convicted of a drug offense while receiving federal financial aid are eligible to apply for a student loan. This chart summarizes the interest rates, loan limits, and…

Given the facts that women still earn significantly less than men, that most American students rely on loans to attend college, that tuition in higher education has increased, and that women have to take more students loans than men, can we still claim that we are closing the gender gap? Do females have more burdens to pay off their student loans…