Federal free-college policies are now at the center of the Democratic higher education agenda. Sen. Bernie Sanders helped move the idea into the mainstream during the 2016 presidential campaign, and other lawmakers have since worked to advance the policy in Congress. Joe Biden effectively put free college on the ballot in 2020 when he fully…

Retention rates of first generation college student (FGCS) became a growing concern for leaders of educational institutions in the U.S. FGCS were several times more likely to exit college without a degree as compared to their traditional counterparts. The Model of Institutional Departure offered a general framework of college student retention.…

Student loans have become a social-financial issue in the United States. This study uses a nationally representative dataset to examine the association between financial socialization and student loan borrowing behavior of individuals after controlling a number of different socio-demographic factors. Results show that the financial burdens of…

The Free Application for Federal Student Aid (FAFSA) is an important tool to help students find financial assistance. Not only do students fill out the FAFSA to apply for federal aid for post-secondary education, but also to be considered for aid by states, institutions, and private funders. Thus, filling out the FAFSA, specifically, and applying…

Since 2008, Sallie Mae has surveyed American families with an undergraduate student about their attitudes toward college and how they paid for it. For the past ten years, the "How America Pays for College" research has provided insight regarding families' belief in the value of a college education, how they are making college more…

Parents from all backgrounds and walks of life want to do the best for their children. Unfortunately, for many reasons, this is easier for some more than others. Those with more money, education and confidence are more able to give their children the best possible chance of succeeding in the educational system and beyond. This is a key challenge…

Finding the funds to attend college often means that many students must acquire loan debt through financial aid. This confusing but critically necessary process can influence college planning and enrollment decisions, post-college employment, and other important life choices, such as enrolling in graduate school, buying a home, or getting married.…

Misconceptions on affordability remain a barrier to postsecondary access for millions of potential students. When students recognize financial aid availability during secondary school years, they gain the capability to better establish a curricular path that aligns with postsecondary aspirations. This dissertation assesses the use of…

This study of the financial circumstances of students at Australian Universities is being undertaken by the Melbourne Centre for the Study of Higher Education (MCSHE) at the University of Melbourne for Universities Australia, which has funded the study. Universities Australia is the peak body for Australia's universities. The purpose of the…

In this paper, we leverage detailed, individual-level student data to understand the relationships between family finances, merit-based aid, and first-year student retention. With three cohorts of student data that comprise family financial status, institutional merit scholarships, and many of the other known correlates of student retention, we…

We analyze changes in financial aid and student enrollment at historically Black colleges and universities (HBCUs) that occurred after the U.S. Department of Education increased the credit history requirements necessary to obtain Parent Loans for Undergraduate Students (PLUS). We use institution-level data to examine financial aid and enrollment…

The purpose of this qualitative research was to explore how self-identified academically successful students perceived their nonresident African American fathers' involvement in their education and to determine ways to encourage paternal participation in schools. Joyce Epstein's Six Types of Parental Involvement Typology was used to assess how the…

Students and their families evaluate net price when determining whether they can afford a college. But what affects net price? There are factors, such as instructional inefficiencies, administrative expenses, federal financial aid, and state appropriations, that have been noted in the literature that have an impact on costs and tuition. This study…

This annual report shows how fee and support systems (including grants and loans) work in higher education in Europe. It provides both a comparative overview of fees and financial support available to full-time students in 2016/17, and also includes individual country sheets outlining the main elements of national systems. In particular, the…

There is a growing national conversation about the role of Children's Savings Accounts (CSAs) in building assets and creating opportunities for the next generation of students, and New England is right in the middle of it. In many respects, New England is leading the way. CSAs are long-term asset-building accounts established for children, as…