Persistent budget constraints make "equitably" allocating existing resources more important than ever. Conversations regarding equitable funding typically overlook categorical programs, targeted initiatives typically focused on supporting historically underserved student groups, such as veterans, former foster youth, single parents, and…

The distribution of state funding to school districts has a tremendous impact on student learning opportunities. State leaders juggle different priorities, tradeoffs and incentives when designing funding formulas with the goal of ensuring every student has the learning opportunities to succeed. This toolkit offers a strategic guide for reforming…

This study investigates how individual states raise revenue to pay for elementary-secondary education spending after a school finance reform (SFR). We consider 24 states that implemented SFRs between 1989 and 2005. Using a synthetic control approach, we identify six case-study states (Arkansas, Kansas, Maryland, Michigan, New Hampshire, and…

This study investigates how individual states raise revenue to pay for elementary-secondary education spending following school finance reforms (SFRs). We identify states that increased and sustained education expenditures after reform, search for legislative statutes that appropriated more education spending, and assess how policymakers funded…

The NACUBO-Commonfund Study of Endowments (NCSE) for fiscal year 2023 marks the 50th consecutive year that NACUBO has published a Study of the endowments of institutions of higher learning. It would not be an overstatement to say that the Study chronicled five decades of unparalleled change. The investment industry and endowment management have…

The Tuition Assistance Program (TAP) is New York's primary aid program, accounting for 80 percent of state financial aid awards to students attending public, private non-profit, and for-profit higher education institutions in the state. TAP is available to students attending two-year or four-year degree granting programs as well as students…

The quest for structural transformation has been a crucial challenge in Africa in spite of the huge amounts of aid disbursed, investments undertaken, policies implemented, etc. Notwithstanding several important reasons highlighted in the literature, they are insufficient because they focus on the role of financial resources but neglect…

Economic development theory focuses on a country's human capital development which is its greatest resource. Human capital development is the empowerment of citizens which comes through education and training. A major player in this process is Community colleges which its mandate is to bridge the skills gap and attend to the academic needs of its…

Over the past several years, schools across the nation have seen historic declines in student performance in reading, math, and other academic subjects due to the COVID-19 Pandemic. School closures adversely affected student groups at different rates and further exacerbated long-standing learning gaps. There has been a debate among scholars for…

Higher education in the United States has seen incredible change over the past year and a half due to the effects of the coronavirus pandemic. Postsecondary institutions have had to become increasingly flexible as they continue to deal with myriad changes including but not limited to: social distancing, mask mandates, virtual and hybrid…

Student funding remains hotly contested. In this HEPI Debate Paper, Alan Roff examines the findings of the Office for Budget Responsibility, which regards the past treatment of student loans in the national accounts as a 'fiscal illusion'. Roff explores the consequences of this change of heart and pushes for an alternative approach to student…

Michigan's public higher education institutions have seen decades of decline in per-student funding, leaving students to face costs that are simply out of reach. The state, for the most part, relies on institutions to provide aid to bring down costs for students at four-year institutions, rather than providing students with aid directly via state…

The Arizona school funding system is in urgent need of reform, ranking at the bottom of the states for every measure of adequacy and equity. To remedy the current situation, two short-term actions can be implemented immediately: (1) increase school funding for all students, and (2) target additional funding to districts serving students in…

The COVID-19 pandemic posed many challenges to student learning, classroom instruction, and the management of school systems. Media, think tanks, and education groups have warned of a post-COVID fiscal cliff for K-12 schools after the $190 billion from the federal government in the form of the Elementary and Secondary School Emergency Relief…

In 2019, the Texas Legislature passed House Bill 3 (HB 3) -- an $11.6 billion school finance reform law that dedicated over $6 billion toward investments in education and $5 billion toward replacing school property taxes with state aid. The property tax cut portion of HB 3 is set to expand each year, costing the state more money annually without…