This report examines state-funded loan forgiveness and conditional grant programs, designed to alleviate student loan debt and address workforce shortages in high-need fields. These service-contingent programs incentivize graduates to work in targeted occupations or underserved areas in exchange for debt relief.

Discussion of the rising price of higher education and associated student debt in America has been a key feature of political discourse in recent memory, with renewed interest sparked by the announcement of the student loan forgiveness plan. Federal student debt has increased by 756% since 1995, and total student debt tripled from 2007 to 2022.…

The Office of Career, Technical, and Adult Education (OCTAE) administers and coordinates programs that support adult education and family literacy, career and technical education, correctional education, and community colleges. These programs span basic, secondary, and postsecondary education and provide pathways for individuals to obtain lifelong…

Despite substantial investments in financial aid programs, the available aid often falls short of covering the total cost of attendance (Hanson, 2023). Today, college expenses represent 30% of the annual median family income, pushing many students to rely on loans to finance their education (US Census Bureau, 2023). Among student loan borrowers,…

College affordability is a significant factor in student access, retention, and completion. Tuition and fee rates are a component of affordability, as is the availability of financial aid programs from federal, state, institutional and private sources, among other factors. Strategically designed approaches to college affordability can better…

This brief examines how specific college affordability policies and practices at the federal, state, and institutional levels can be strengthened to close racial equity gaps in college affordability and completion and to support widespread diversity and representation in higher education. By increasing access to financial aid and shifting the way…

College affordability is a significant factor in student access, retention, and completion. Tuition and fee rates are a component of affordability, as is the availability of financial aid programs from federal, state, institutional and private sources, among other factors. Strategically designed approaches to college affordability can better…

This article uses a sample of 13,643 students attending a 4-year state university in Florida to estimate a selection-bias corrected quantile regression of loan debt at graduation. The study investigates whether the debt levels of students who received the Florida Bright Futures (FBF) scholarship are significantly different from the debt levels of…

Free higher education has become a major policy discussion of the past few years, one that is often debated or supported along partisan lines. Those supporting this policy initiative often point to the rising cost of a college education and the barrier it creates for underrepresented populations hoping to access higher education. Others point to a…

Most public colleges and universities rely heavily on state financial support. As state budgets have tightened in recent decades, appropriations for higher education have declined substantially. Despite concerns expressed by policymakers and scholars that the declines in state support have reduced the return to education investment for public…

Recent higher education investments in Michigan have prompted the authors to revisit the reality of college affordability in the state, so that policymakers and stakeholders can monitor the impact of investments moving forward. While MI has lowered the net cost of a postsecondary education, a college credential still remains out of reach for many…

West Virginia's three state-funded medical schools enroll more medical students per capita than any other state in the country. Due to its large number of medical student slots, the state typically can offer all qualified West Virginians the opportunity to complete their medical education in the state. In the academic year of 2023, 25 percent…

The School District of Philadelphia is contributing historically high sums to the state-run pension system for its employees, and these hefty payments will affect budgets for the district and the city government for years to come. Unlike Philadelphia's municipal government, the School District of Philadelphia does not control the pension system…

Tuition prices, as well as the living expenses students must cover, have risen rapidly while household incomes have grown slowly or even declined except for those at or near the top of the income distribution. As incomes have stagnated and the savings rate has declined, students have come to depend more and more on financial aid from federal and…

College affordability is a significant factor in student access, retention, and completion. Tuition and fee rates are a major component of affordability, as is the availability of financial aid programs from federal, state, institutional and private sources. Strategically designed approaches to college affordability can better assist families in…