The New York State Board of Regents' 2004-05 State Aid Proposal put forward the idea of instituting Foundation Aid as a response to concerns about the sufficiency of state education funding then being provided to local school districts. In 2007, prompted by legal action, a call for reform by the Regents, and the election of a new governor with a…

After being sued for inequity and inadequacy in school funding, many states have reformed their education aid policies. Using Connecticut as an example, this paper shows how to design a state education aid formula that can effectively address funding inequity and inadequacy while taking political feasibility into account. It first develops a…

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…

This paper investigates the impact of changes in the funding of higher education in England on students' choices and outcomes. Over the last two decades--through three major reforms in 1998, 2006 and 2012--undergraduate university education in public universities moved from being free to students and state funded to charging substantial tuition…

Student Debt and the Class of 2015 is the eleventh annual report on the student loan debt of recent graduates from four-year colleges, documenting the rise in student loan debt and variation among states as well as colleges. This report includes policy recommendations to address rising student debt and reduce debt burdens, including collecting…