The United States cannot meet its higher education goals without changing the way it funds public colleges and universities. Current funding models do not sufficiently advance fully scaled improvements. Instead, today's models create unfunded mandates: Colleges are required to increase completion rates, but they do not receive essential funding…

Recruiting and retaining a well-prepared, stable, and diverse teacher workforce is a critical endeavor to advance student learning and development. However, the persistent teacher shortages across the nation's schools challenge this mission. The teaching profession has been characterized by relatively lower levels of compensation compared to other…

The 2011 Budget Control Act eliminated the in-school interest subsidy for graduate and professional students borrowing under the Stafford Loan Program. As a result, starting on July 1, 2012, graduate and professional students borrowing Stafford Loans became responsible for the interest accruing during their in-school deferment period. This study…

The rising cost of higher education has led to increased tuition costs for students and their families, forcing more students to secure larger amounts of debt to finance their educational pursuits. Although scholars have explored how student loan debt accumulation influences higher education persistence and graduation, an unexplored area of higher…

The high cost of health care in the United States creates complex decisions where suboptimal choices may negatively affect an individual's physical and financial health. The challenge for patients is that the complex nature of health-related financial decisions requires specialized knowledge to avoid these suboptimal choices. While the benefits of…

In this dissertation, I quantify the impact of uncertainty on schooling postsecondary choices, study the returns to higher education degrees, and analyze the effects of policies that intend to reduce college education costs. In the second and third chapters, I employ structural Roy models and data from the National Longitudinal Survey of Youth…

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…

Previous scholars investigating the effects of student loan debt have conducted survey analyses involving large samples to examine the relationships among debt forgiveness, loan repayment behavior, income earnings, and returning home. Fewer works have explored the outcomes of student loan elimination in a qualitative study. In 2019, Robert Smith…

Since 2012, many Title IV institutions of higher education have sent their students debt letters to inform them of their outstanding loan amounts, estimated or real monthly payments, and other loan-related information. However, no extant research has analyzed whether these letters are written at an appropriate level for college students, nor has…

California has traditionally kept college affordable with a combination of low tuition--particularly at its community colleges-- and generous financial aid. However, in an era of constrained resources, revenue volatility, and increasing economic inequality, a resilient, effective, and efficient financial aid system is increasingly important. The…

The economic value students derive from postsecondary education relies on both earnings and wealth outcomes. And while sufficient earnings can create economic stability, wealth--which is the total value of assets (what one owns) minus total value of liabilities or debts (what one owes)--is key to the security necessary to withstand life's…

Federal financial aid policies for higher education may be classified based on their "for-purchase" and "post-purchase" natures. The former include grants, loans, and workstudy and intend to help students finance or afford college attendance, persistence, and graduation. Post-purchase policies are designed to minimize financial…

This paper studies the patterns of individuals' student loan repayment for up to 12 years, tracking borrowers through the formative ages of the early 20s to the late 30s. Using social sequence and cluster analysis to understand these longitudinal repayment histories, we identify five archetypes of loan repayment that describe borrowers'…

Outstanding federal student loan debt exceeds $1.6 trillion and is owed by approximately 45 million borrowers. Thus, a policy to broadly cancel federal student loan debt would directly apply to a discrete segment of the U.S. population. Cancelling some amount of federal student loan debt would alleviate loan repayment burdens for qualifying…

Obtaining a college degree has long been considered the key to achieving the American Dream, yet for many it has become increasingly difficult to afford college, as funding for federal financial aid has failed to keep pace with rising tuition costs. Prior research in this area has relied heavily on quantitative data analysis, with limited access…