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…

Many empirical studies have established that financial aid improves college attainment. Few have been able to test why. This study used administrative records of employment and earnings to get a more complete picture of students' finances during college and test one potential mechanism, that financial aid buys students time by allowing them to…

Promise programs are an increasing popular solution to improving college affordability, reducing educational inequities, and promoting economic development. Promise programs are distinct from other forms of financial aid because they emphasize residency in their eligibility criteria, where students must live and/or attend school in specific…