In addition to career training and preparation, institutions of higher education can foster opportunities for financial education and promote access to resources for financial decision-making. Educational experiences can play a role in preparing and informing students about their financial decisions and the impact of financial choices they face as…

As student loans, the cost of college tuition, and even value of higher education remain at the forefront of public discussion, one thing remains true: Affordability is central to adult learners' academic success, and money is one of the primary reasons why adult learners stop out before they graduate. This report takes a deep dive into the…

This is the executive summary for the study "How They Pay: The Voices of Adult Learners on College Affordability, and How Institutions are Responding." The study is based on data from a national survey of 996 adult learners, in-depth interviews with 47 adults from 14 institutions, and interviews with financial aid personnel from six of…

Dual enrollment (DE) programs allow high school students to take college coursework and simultaneously earn both high school and college credit. These programs have become increasingly popular in recent decades, with roughly one-third of high school students taking at least one DE course. However, the financial implications of taking DE courses…

For many high school students, the cost of attending college poses a major barrier to continuing their education. Federal student aid provided through Pell grants, work study, and loans can offer students with low incomes an avenue toward receiving a postsecondary education. But for students to be eligible for federal student aid, they need to…

Systemic racism in the United States has a far-reaching impact, including on generational wealth and access to education. Extensive research reveals that Black Americans encounter significant barriers in building generational wealth due to a history of discrimination, including redlining and exclusion from government programs. The absence of…

A collaboration between The Institute for College Access & Success (TICAS) and the Student Senate for California Community Colleges (SSCCC), this policy brief examines the costs of attending California Community Colleges (CCCs) for low-income students and the roles that financial aid resources, work hours, and student loan borrowing currently…

We examine how the racial wealth gap interacts with financial aid in American higher education to generate a disparate impact on college access and outcomes. Retirement savings and home equity are excluded from the formula used to estimate the amount a family can afford to pay. All else equal, omitting those assets mechanically increases the…

Background: Nearly two decades have passed since the last successful reauthorization of the Higher Education Act. Since then, student loan debt and the accumulation patterns based on race have become a pressing issue to address in U.S. society. Purpose: Student debt is one of the key issues on the federal higher education policy agenda. The…

In Chapter 1 I investigate the supply of college majors and how this facet of institutional behavior influences student outcomes and costs in higher education. As a first contribution, I identify a decades-long trend in 4-year postsecondary education in the United States--the production of bachelor's degrees measured by their concentration across…

Student debt is growing, as is the mental health crisis among Black borrowers. While the situation is dire, it is also a byproduct of failed and intentionally racist policies going back generations, which means it can be solved by better public policies. This brief is the second in a four-part series using qualitative data from the National Black…

According to the Georgia Student Finance Commission (GSFC), the number of high school students enrolled at Georgia institutions of higher education has increased by 88% over the past 4 years and spending on dual enrollment programs has more than doubled during that period. As enrollment continues to increase, the Governor has enacted legislation…

We update Collier et al. (2021) by using the Survey of Consumer Finances (SCF) 2019 dataset to explore characteristics of enrollees in Income-Driven Repayment (IDR). SCF 2019 is more likely to include borrowers engaged in REPAYE. Findings support an ongoing need to encourage greater IDR participation for lowest-income borrowers and reinforced…

When a college closes, it can derail the education of many students, leaving them with loans but no degree. Those who cannot complete their education may be eligible to have their federal student loans forgiven through a "closed school discharge" from the Department of Education (Education), but this process has changed in recent years.…

Policymakers have expressed increased interest in program-level higher education accountability measures as a supplement to, or in place of, institution-level metrics. But it is unclear what these measures should look like. In this report, we assess the ways program-level data could be developed to facilitate federal accountability. Evidence shows…