In Spring 2022, the Illinois Workforce and Education Research Collaborative (IWERC) conducted a survey of Illinois high school seniors to better understand their college-decision-making processes. Although a vast majority of seniors who answered the survey were attending 4-year or 2-year college, a non-negligible number (n = 355, 14% of the…

Increased reliance on student loans to finance higher education (HE) raises concerns about unequal access and repayment burdens. However, who borrows and what motivates students and parents to borrow remain unclear. A longitudinal survey tracked parents and students from high school into their early career to explore the effects of socioeconomic…

The authors of this article represent an interdisciplinary team that includes a literacy teacher educator, a high school economics teacher, a community-based math educator, and a math teacher educator. Responding to the needs and building from the strengths of the local community, we co-designed with youth a community-based FLE workshop that…

This longitudinal qualitative study delves into the nuanced dynamics of postsecondary education access and choice for 23 rural Black students during their senior year of high school. Employing a multifaceted methodological approach encompassing interviews, visual data, and geospatial data, this research illuminates conditions that influence…

Sixteen years ago, the Kalamazoo Promise went into effect guaranteeing full college scholarships to eligible graduates of the Kalamazoo Public Schools (KPS) district. The Kalamazoo Promise provided the model for a unique type of college scholarship program, one in which the allocation of funds is based not on merit or need, but on…

Borrowing has become increasingly central to U.S. students' college financing choices. However, concerns about indebtedness may serve as a barrier to attaining a college degree for many students, particularly women and Black and Hispanic students. This study explores the determinants and heterogeneous impacts of debt aversion, or aversion to…

This dissertation consists of two chapters, both of which study the wealth inequality using heterogenous agent general equilibrium model. In particular, the first chapter focuses on a government policy and its implications on wealth inequality. The second chapter incorporates cost to high return assets to generate realistic wealth mobility in the…

President Biden's recent announcement regarding student debt relief has brought the issue to center stage across Pennsylvania and the U.S. Access to quality higher education is so important to Pennsylvania's individuals and families, yet the high cost of college in the state has both limited who has access to a good education and, for those…

Dual enrollment (DE) programs allow high school students to take college coursework and simultaneously earn both high school and college credit. These programs have become increasingly popular in recent decades, with roughly one-third of high school students taking at least one DE course. However, the financial implications of taking DE courses…

Systemic racism in the United States has a far-reaching impact, including on generational wealth and access to education. Extensive research reveals that Black Americans encounter significant barriers in building generational wealth due to a history of discrimination, including redlining and exclusion from government programs. The absence of…

For any dual enrollment (DE) reform to be effective, educators must acknowledge and understand the diverse experiences of all DE students, especially those from historically underrepresented populations. As part of CCRC's DEEP research, the author of this brief investigates the experiences of students historically underserved in DE to understand…

Lackluster BA completion rates have made it clear that improving postsecondary outcomes in the U.S. is not simply a matter of raising college enrollment rates. In addition to increasing the number of people who attend college, it is also important to increase the number of people who graduate. Over the years, scholars have identified many factors…

This report highlights higher education's early return on investment for the Kentucky high school class of 2011. It follows 43,655 students who graduated from a Kentucky high school in 2011 to 2019, the most recent year of data available. Following a note from the president of the Kentucky Council on Postsecondary Education and an executive…

The development of cost-efficient pathways is a topic of increasing political and scholarly interest across many North American jurisdictions. It has been suggested that 'seamless' transfer pathways can provide financial savings to both students and taxpayers. However, such claims are typically based on hypothetical cost calculations, as opposed…

For people across the United States, student loan debt is a growing portion of the household balance sheet. More than 40 million Americans have outstanding student loan balances. The burden of student loan debt is causing undue harm to the financial security of individuals and households across the US, with disproportionate impacts on both low-…