Families may choose to save for college or elementary and secondary education expenses using tax-advantaged qualified tuition programs (QTPs), also known as 529 plans. This report provides an overview of the mechanics of 529 plans and examines the specific tax advantages of these plans. Specifically, this report is structured to first compare…

Each year as tuition costs increase, more students rely on financial aid to attend institutions of higher education. Financial aid packages, which are created to encourage individual investments in education, consist of a variety of types of funding assistance and aid packages, and are highly tailored to individual students. In general, financial…

The challenges facing higher education institutions across this country continue to increase, becoming more and more complex with each passing semester. Higher education administrators and those who aspire to be such must constantly stay abreast of all potential adverse issues, but especially those that affect the educational success of our…

How much postsecondary education costs families, and how much is publicly financed, varies immensely across countries and the proper balance is hotly debated. The United States, despite having a highly privately financed system, is home to hundreds of local and provincial (i.e. state) 'free college' programmes. I review the growing literature on…

Starting in 2015, New York State began offering college financial assistance to individuals who have experienced foster care at any point after the age of 13. Recognizing the unique needs of this student population and the desire to provide additional support, the Foster Youth College Success Initiative (FYCSI) was created to encourage and ease…

Objective/Research Question: States have increasingly used merit-based criteria to distribute scholarships and grants, and the dominant conversation on merit-aid programs centers on students attending 4-year colleges and universities. This study examines the characteristics of state-funded merit-aid programs for community college students and…

Each year, NASSGAP completes a survey regarding state-funded expenditures for postsecondary student financial aid. This report, the 54th annual survey, represents data from academic year 2022-23. Data Highlights include: (1) In the 2022-23 academic year, the states awarded almost $16.6 billion in total state funded student financial aid, an…

In 2016 Chile initiated a policy of free tuition for students from families in the lower half of the income distribution to improve access to and completion of higher education. The empirical effectiveness of the policy has not yet been completely demonstrated. This study analysed the difference in levels of academic performance of students…

Community college baccalaureates (CCBs) provide an affordable pathway to baccalaureate-level education but increasing tuition rates present a potential financial barrier for students. Institutional aid as a cost-constraining mechanism has historically been less utilized in the 2-year sector when compared to traditional 4-year institutions. Yet,…

Congress determined that because military service in Iraq and Afghanistan following September 11, 2001, was particularly challenging, servicemembers from that era deserved a veterans educational assistance program more robust than those otherwise available at the time. The Post-9/11 GI Bill was designed to provide more generous benefits than the…

A four-year college degree is associated with numerous positive outcomes for students, from increased average earning potential to opportunities for personal development. Yet, for individuals with disabilities, large medical bills and other disability-related expenses may make affording college especially difficult. This study used a convergent…

The phenomenological research study explores the lived experience of Black first-generation college students navigating the financial aid process to understand how they experience the process of using financial aid to pay for college through degree attainment. Higher education is aligned with social and occupational mobility. Financial aid has its…

The Free Application for Federal Student Aid (FAFSA) is the primary gatekeeper to secure financial aid for college. The federal government instituted two changes to the process in 2017, commonly known as "prior-prior year" FAFSA: (1) an earlier start date that lengthens the filing period and (2) the ability to use completed taxes from…

The "Student FAFSA Completion Report" (2024) is submitted pursuant to Education Article § 7-212, Annotated Code of Maryland, which requires the Maryland Longitudinal Data System (MLDS) Center to annually produce an annual report, on or before December 15th of each year, beginning in 2023 and ending in 2028, on the submission and…

Private nonprofit colleges are increasingly using tuition resets, or a decrease in sticker price by at least 5%, to attract new students and counter declining demand. While discounting tuition with institutional aid is a common practice to get accepted students to matriculate and to increase affordability, a tuition reset is a more transparent…