New Jersey's state grant program delivers the highest level of need-based aid per student in the country. And the state's major grant program, the Tuition Aid Grant (TAG), funds all eligible students, rather than excluding students when the funding runs out. But different levels of grant aid for enrollment in different institutions within sectors,…

Tuition prices, as well as the living expenses students must cover, have risen rapidly while household incomes have grown slowly or even declined except for those at or near the top of the income distribution. As incomes have stagnated and the savings rate has declined, students have come to depend more and more on financial aid from federal and…

The national commitment to increasing postsecondary educational attainment, combined with growing economic anxiety, has made community colleges the focus of many federal and state policy initiatives. There is good reason for this: by virtue of their nature and reach, community colleges--public institutions of higher education that predominantly…

Most discussions of college prices and of students' and families' ability to pay those prices focus exclusively on tuition and fees. This focus sometimes leads to policy recommendations that aim to eliminate tuition and fees without providing additional resources for students from low-income households to buy books and supplies and cover their…

The widespread notion of a general student debt "crisis" creates an exaggerated image of the problems associated with borrowing for college and diverts attention from the serious difficulties some students and former students face. A disproportionate amount of attention goes to the $1.5 trillion dollars in outstanding student debt.…

In most states and in the nation as a whole, the combination of constrained resources and rapid enrollment growth during the Great Recession left a legacy of significantly diminished per-student funding for higher education. Adequate funding is a necessary component of supporting college access and success and meeting state goals for educational…

This white paper encourages board members to take a step back and think about long-term strategies for ensuring that financial aid policies are consistent with institutional mission at the same time that they serve fiscal and enrollment goals. While board members can determine financial aid and enrollment policies only at the broadest level, it is…

This report provides a detailed look at the sources and distribution of grants, loans, and other student aid for the most recent academic year and how this funding has changed over time. The federal government provided two-thirds of all student aid in 2016-17, but only one-third of the grant aid. In the context of uncertainty about the timing of…

Data on student aid for 2015-16 confirm that the dramatic increases in aid awarded in 2009-10 and 2010-11 were products of extreme economic circumstances, not harbingers of long-run changes in financing for postsecondary education. Both total federal education loans and federal loans per full-time equivalent (FTE) student declined for the fifth…

Both the published tuition and fee prices of colleges and universities and the net prices students pay after subtracting grant aid and tax credits and deductions continued to rise between 2016-17 and 2017-18, even after adjusting for inflation. Average net prices in 2017-18 remain lower at public two-year and private nonprofit four-year…

In 2016-17, published tuition and fee prices rose slightly less than the year before. The rapid price growth observed during the Great Recession has abated, as typically happens when the economy recovers, but the rate of increase in tuition and fees continues to exceed inflation. More notable, however, is the pattern of the net prices students…

The headlines report that college tuition is rising rapidly and students are struggling to pay for college. Financial-aid issues have also been in the news lately, with questions about student debt particularly prominent. Non-tuition revenues are weak because of declining state appropriations, depleted endowments, and anemic annual giving. At the…

As the nation slowly emerges from the Great Recession, the patterns of student aid are returning to the paths they were on before the economy crashed. The federal government, which dramatically stepped up its subsidies to students in 2009-10 and 2010-11, continues to play an expanded role, but not a growing role. Students continue to borrow at…

Recent data from the College Board's Annual Survey of Colleges reveal significant variation in institutional aid patterns among colleges and universities. The undergraduate tuition discount rate--the ratio of institutional grant aid to published tuition and fee charges--is higher at private institutions than at public institutions, but there are…

The increases in tuition and fee prices in 2015-16 were, like the increases in the two preceding years, relatively small by historical standards. However, the very low rate of general inflation makes this year's increases in college prices larger in real terms than those of 2014-15 and 2013-14. Significantly, and perhaps counter to public…