Strategic enrollment management (SEM) initiatives benefit when SEM committees are inclusive and collaborative. When financial aid professionals are excluded, the risk that certain initiatives will fail increases, especially if those initiatives involve academic changes. Here, the authors explore the reasons financial aid offices and academic…

Is graduate school worth it? Graduate degrees--including master's, professional, and doctoral degrees--can help individuals boost their earnings and improve career advancement opportunities. But they can also be high-risk investments given rising costs, student debt, and the current lack of transparency about program outcomes. "Graduate…

Implementation of ESA programs will not be easy. The ESA model is novel and foreign to most state education agencies, which have little to no experience with helping families purchase a wide variety of educational goods and services using government funds. Even if agencies had the relevant experience, ESA programs are complex, involving millions…

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…

Amid a troubled overhaul of the federal process for applying for student financial aid, the share of Wisconsin high school seniors completing the application so far this year has plummeted. The largest declines have been at schools with greater proportions of marginalized students. While the gap may be narrowing as students near commitment…

Over the last two decades, public appropriations for Illinois have been cut in half, increasing tuition and fees for students and contributing to college population declines, underemployment, and hundreds of millions in lost future tax revenue. This document explains the issues facing public university funding in Illinois and lays out the case for…

Financial aid opens the door to a college degree and makes higher education a real possibility for students from all racial and ethnic backgrounds. Student knowledge about financial aid availability and application processes, however, varies substantially by race, ethnicity, and income. Despite belonging to families with lower-than-average family…

Promise programs are discussed as a policy movement that began with the 2005 launch of the Kalamazoo Promise. Since then, programs bearing the Promise label or sharing similar features have spread across the higher educational landscape, appearing in most states and across postsecondary sectors. Simultaneously, scholarly literature discussing…

The Student Financial Services (SFS) Benchmarking Report examines student financial services operations, including: unpaid student account balances; student accounts in collections; payment channels and methods; student refunds; third-party billing; and staffing and financial services operating budget.

This Data Point looks first at whether students who planned to go to college also met with a high school counselor about financial aid. The second question considers a different population of students, addressing whether students who enrolled in college also received aid. This analysis does not indicate a causal relationship between meeting with a…

This report analyzes data from 2001-2017 to examine public four-year universities' spending on financial aid dollars--specifically between non-need-based and need-based aid. Our researcher found that these universities have spent nearly $32 billion of their own financial aid dollars on students who lack financial need, according to an analysis New…

Approximately 4.2 million youth and young adults experience homelessness on their own every year. These young people -- referred to as "unaccompanied homeless youth" under federal education law -- face unique barriers to accessing and completing higher education. Unaccompanied homeless youth are not living with, or supported by, a parent…

The Free Application for Federal Student Aid (FAFSA) is the application that postsecondary students complete to receive federal grants, work-study, and loans; as well as some state and institutional grants, and private financial aid. In 2019-2020, 17.7 million undergraduates filed a FAFSA and in 2021-2022, full-time equivalent students received an…

This report explores the higher education financial aid workforce, including pay and pay equity, staffing, representation, and retention. Taken together, the results in this report suggest the need for colleges and universities to implement strategies to better retain people of color within the financial aid employee pipeline and to ensure…