Queer people continue to feel the effects of queer oppression in higher education and beyond, including unique financial challenges. The price of being queer is troubling in a world ordered around capitalism and heteronormative privilege. The purpose of this paper is to examine the financial landscape for queer students and call for a robust…

In this new Policy Note, Rachel Hewitt, HEPI Director of Policy and Advocacy, reports on the results of a new poll of students on Augar, funding and the cost of living. Key points: (1) Students' views are mixed between the current tuition fee model and Augar's recommendation to lower fees: 40% prefer the current system of £9,250 paid back over 30…

At the end of 2019, 43 million Americans owed over $1.5 trillion in federal student loans. The rapid increase in these balances over the past decade has led many to deem student debt a "crisis." Now, there is growing support among Democratic policymakers, and even some Republicans, to immediately cancel all or most of the federal…

Among many challenges that first-generation college students face, navigating how to balance the financial costs of college with covering monthly expenses can be particularly challenging. The present study uses the lens of person-in-environment theory to conceptualize how the financial attitudes, behaviors, and resources of first-generation…

Eligibility for many federal, state, and institutional financial aid programs is determined by the expected family contribution (EFC) from the Free Application for Federal Student Aid (FAFSA), which functions as a tool to ration scarce aid dollars. The lowest possible EFC under current rules is zero, but this obscures a wider distribution of…

Parent PLUS loans are a growing concern due to their limited income-driven repayment protections and their potential to maintain longstanding racial wealth gaps. Previous research has examined factors associated with student debt burdens of college graduates, but no research has examined factors related to parent borrowing for college. In this…

In this article, we examine the effects of receiving a modest Pell Grant on financial aid packages, labor supply while in school, and academic outcomes for community college students. Using administrative data from one state, we compare students just above and below the expected family contribution cutoff for receiving a Pell Grant. We find that…

With grant and scholarship aid as well as family resources unable to keep pace with college costs, loans have become a fact of life for millions of college students each year. In deciding how and how much to borrow, these students are making highly consequential decisions that will impact their future in unknown ways. Policy should aim to reduce…

Latinos are one of the fastest growing racial/ethnic groups in postsecondary education. This factsheet provides a summary of how Latinos pay for college to better inform financial aid policy to ensure Latino college access, retention, and success. This summary includes Latino students' participation in federal student aid overall, Pell Grants,…

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 undergraduate students. The program provided approximately $29 billion in aid to approximately 7.2 million undergraduate students in FY2017. Pell Grants are…

Within California, there is widespread understanding and consensus that college affordability is a challenge that needs to be addressed. Along with this consensus on the nature and implications of California's college affordability problems, there is also emerging agreement about how to tackle it. While this convergence can form the backbone of a…

Introduced in 2009, "How America Saves for College" is Sallie Mae's national study conducted by Ipsos that surveys American parents with children under the age of 18 about how they are preparing financially for college. The 2018 study is the seventh in the series. This primary research captures data on parents' saving-for-college…

A common misperception suggests that a high-achieving student can easily complete a degree with very limited debt, and that students with high levels of debt are thus underachievers. This assumption is supported by memories of previous decades when it was realistically possible for most students to work their way through college. This view,…

In examining national data on Federal Pell Grant eligibility in the National Postsecondary Student Aid Study (NPSAS), we were puzzled to discover that many students who appear to have eligible Expected Family Contributions (EFCs) do not receive the award. We use institutional data from a large public university to understand and enumerate changes…

Grant aid reduces the financial burden of human capital investment in postsecondary education. Theory suggests grant aid should substitute for other financial resources such as borrowing and labor market participation. Although studies have individually examined the impact of grant aid on hours of paid work and on borrowing for education, students…