Over the past two decades, the practice of tuition discounting has become commonplace, and the discount percentage has steadily increased since 2008. This study replicates the work executed by Juliana Browning in 2013. This study focuses on the sustainability and viability of Title IV participating, private, four-year, not for profit, degree…

With pandemic stimulus funding subsiding, efforts to boost achievement, stem absenteeism, and narrow outcome gaps in California's TK-12 public school system will rely on the level and sustainability of ongoing state and local dollars. First implemented over 10 years ago, California's Local Control Funding Formula (LCFF) provides additional funding…

Generally, need-based financial aid improves students' academic outcomes. However, the largest source of need-based grant aid in the United States, the Federal Pell Grant Program (Pell), has a mixed evaluation record. We assess the minimum Pell Grant in a regression discontinuity framework, using Kentucky administrative data. We focus on whether…

Is graduate school worth it? Graduate degrees--including master's, professional, and doctoral degrees--can help individuals boost their earnings and improve career advancement opportunities. But they can also be high-risk investments given rising costs, student debt, and the current lack of transparency about program outcomes. "Graduate…

This article analyzes U.S. Department of Education data on appropriations on Pell Grants using the new Mission-Driven Classification (MDC) to disaggregate enrollment, finance, and need-based Pell Grant data by major public higher education sector and, within community colleges, by geography (rural, suburban, and urban) as well as by the presence…

The Federal Pell Grant program, authorized by Title IV-A-1 of the Higher Education Act of 1965, (HEA; P.L. 89-329), as amended, is the single largest source of federal grant aid supporting postsecondary education students. The program provided approximately $31 billion in aid to approximately 6.5 million undergraduate students in FY2023. Pell…

National Association of Student Financial Aid Administrators' (NASFAA's) National Student Aid Profile is an annual publication designed to give a high-level overview of the federal student financial aid programs that provide funding to millions of students each year. This profile includes an overview of: (1) The Federal Pell Grant Program; (2) The…

National Association of Student Financial Aid Administrators' (NASFAA's) National Student Aid Profile is an annual publication designed to give a high-level overview of the federal student financial aid programs that provide funding to millions of students each year. This profile includes an overview of: (1) The Federal Pell Grant Program; (2) The…

Title IV of the Higher Education Act (HEA; P.L. 89-329), as amended, authorizes programs that provide financial assistance to students to pursue postsecondary education at eligible institutions of higher education (IHEs). In academic year (AY) 2022-2023 (July 1, 2022-June 30, 2023), 5,918 domestic institutions had written agreements with the U.S.…

Federal Student Aid Programs act as equalizers by removing income inequity as a barrier to college access and outcomes. However, the need-based aid morphs into merit-based at the end of the first year, as students must meet progression benchmarks to remain eligible for federal financial aid. The study examined Satisfactory Academic Progress (SAP)…

A postsecondary degree is widely promoted as a great intergenerational economic equalizer for individuals born into disadvantaged economic circumstances. Yet, there is little empirical evidence documenting the extent that this may be true and whether people from all racial and ethnic, and language backgrounds are benefitting equally. We provide a…

Title IV of the Higher Education Act of 1965 (HEA; P.L. 89-329, as amended) authorizes the primary sources of federal aid to support postsecondary education students. Title IV programs made over $118 billion in aid available to postsecondary students in FY2020 through Direct Loans and other forms of aid, including $27 billion in Pell Grants. The…

The Higher Education Act of 1965 (HEA; P.L. 89-329, as amended), authorizes numerous federal aid programs that provide support to both individuals pursuing a postsecondary education and institutions of higher education (IHEs). The FAFSA Simplification Act (FSA; Title VII, Division FF of P.L. 116-260) makes significant changes to the underlying…

We examine changes in California's FAFSA (Free Application for Federal Student Aid) applications during the COVID-19 crisis. There was little change in applications for high school graduates due to an early deadline for state aid. After the deadline--from early March to mid-August--FAFSA applications of potential college freshmen declined 14%,…

Financial aid opens the door to a college degree and makes higher education a real possibility for students from all racial and ethnic backgrounds. Student knowledge about financial aid availability and application processes, however, varies substantially by race, ethnicity, and income. Despite belonging to families with lower-than-average family…