The federal government currently provides more than $150 billion each year to students and their families in the form of grants, loans, work-study funds, and tax credits to help make college more affordable. This sizable public investment in higher education has indeed made college attendance possible for a larger share of Americans. However,…

After decades of slow growth, the share of young Americans completing college has increased to 48 percent in 2019, from 39 percent 10 years earlier. What accounts for the rise? Are more students clearing a meaningful bar for graduation, or are colleges and universities engaging in credential inflation and lowering their academic standards? This…

Completing a college degree, or failing to, is a major factor in determining whether a person will have an economically stable future. While it might have been possible a few decades ago to graduate from high school, enter the job market, and find a career that enabled one to earn a solid middle-class life, that path to success has been almost…

Federal financial aid was established under the Higher Education Act of 1965. Since then, changes to the act have increased funding and expanded eligibility for students accessing federal financial aid. While the distribution of federal financial aid has expanded over the last 60 years, untapped financial resources remain every year because…

In the nearly fifty years since the adoption of the Higher Education Act of 1965, financial aid programs have grown in scale, expanded in scope, and multiplied in form. As a result, financial aid has become the norm among college enrollees. Aid now flows not only to traditional college students but also to part-time students, older students, and…

Any reform of federal student aid must address the twin challenges of college affordability and completion, which are inextricably linked. Here, CLASP has proposed ways to redirect existing federal student aid spending toward the low- and modest income families who need it most. These are the students for whom federal aid makes a difference in…

In the nearly fifty years since the adoption of the Higher Education Act of 1965, financial aid programs have grown in scale, expanded in scope, and multiplied in form. As a result, financial aid has become the norm among college enrollees. The increasing size and complexity of the nation's student aid system has generated questions about…