In 2021-22, Texas implemented a policy requiring all public high school seniors to complete a financial aid application. This paper examines the early impacts of this requirement on Free Application for Federal Student Aid (FAFSA) completion rates and college enrollment using a difference-in-differences model. First, using a sample of high schools…

Despite generous financial aid provided by the government for low-income students studying at universities, eligible students are still reluctant to apply for such aid. This study aimed to assess the effects of students' expectations; knowledge, attitudes, and actions toward higher education; financial aid; parental, school, and student…

The Higher Education Act of 1965, as amended, specifies a loan origination fee of 1 percent for all Direct Subsidized Loans and Direct Unsubsidized Loans, and a fee of 4 percent for all Direct PLUS Loans for both parent borrowers and graduate and professional student borrowers. Student loan origination fees, the hidden student loan tax, generated…

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…

Students in private, nonprofit (independent) higher education institutions, particularly those who are economically disadvantaged, often struggle with the costs of course materials like textbooks. However, much less is known about these students and how to assist them with these cost barriers compared to their peers at public institutions. It is…

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…

We evaluate whether the Bennett Hypothesis applies to local-level, single-institution promise programs and account for whether colleges have the authority to raise tuition, versus an external entity holding such authority. Using a sample of 29 community colleges affected by promise programs, we analyze changes in tuition across years 2001-02 to…

Low-income high-achieving students are less likely than high-income peers to enroll in selective colleges. Financial certainty interventions can address administrative burdens that stifle their enrollment, even when colleges are tuition-free for them. However, we do not know whether these interventions are effective when students enjoy admissions…

The Tennessee Education Lottery Scholarship (TELS) program was designed to meet the unique needs of the State of Tennessee, while also incorporating the hallmark elements of existing merit-based aid programs in other states. This manuscript provides a snapshot of TELS recipients and their outcomes, including narrative discussion on the current…

The affordability gap between college costs and available financial resources was a barrier to college access before COVID-19, but the pandemic deepened basic-needs insecurity and highlighted unmet need--the shortfall between students' total costs and the funds available to them through grants or family support. The Higher Education Emergency…

Paying for college is often a family affair, with both parents and students contributing. We study the effects of college on family finances using administrative data on the universe of federal aid applicants in California linked to credit records. We provide the first comprehensive analysis of how both students and their parents use debt with…

CUNY ASAP is a three-year program offering comprehensive student support, financial aid, and structured pathways. The program has served over 100,000 students since 2007 and been replicated across seven states. ASAP's primary goal is to increase the completion of college associate degrees. Specifically, the comprehensive intervention is expected…

This report examines state-funded loan forgiveness and conditional grant programs, designed to alleviate student loan debt and address workforce shortages in high-need fields. These service-contingent programs incentivize graduates to work in targeted occupations or underserved areas in exchange for debt relief.

Tuition-free college programs are gaining momentum as policymakers address rising college costs and workforce readiness. Despite their growing adoption, limited research examines how workforce-focused eligibility criteria impact student outcomes beyond enrollment. This pre-registered study employs two within-study quasi-experimental…

Given the proliferation of college promise programs and the increasing popularity of last-dollar designs, we explore changes to states' financial aid resource environments following the adoption of two of the largest and longest-operating state programs: Tennessee Promise and Oregon Promise. We leverage descriptive tools and a causal-inference…