California legislature made a policy change with Senate Bill (SB) 1644 (2000), shifting Cal Grant Programs to focus on entitlement; counter to the national trend of merit based grant programs. This article describes a study examining effectiveness and extent to which SB 1644 is meeting its legislative objectives: increase in higher education…

We review studies of the impact of credit constraints on the accumulation of human capital. Evidence suggests that credit constraints have recently become important for schooling and other aspects of households' behavior. We highlight the importance of early childhood investments, as their response largely determines the impact of credit…

As the importance of a college degree climbs and federal and state grant funding remains inadequate, millions of students in the U.S. continue to take out student loans each year to help pay for their rising education costs. In October 2011, the total amount of outstanding student loan debt in the U.S. exceeded $1 trillion (Chopra, 2012),…

Back in 2008, it wasn't clear just where candidate Barack Obama's heart lay when it came to the big issues facing schools. Although Mr. Obama had been a community organizer, a law professor, and a state legislator, the junior U.S. senator from Illinois didn't have a long record on K-12 issues, and he rarely spoke about them in his presidential…

The benefits of deferring the payment of higher-education costs are increasingly acknowledged as a way to overcome student-borrowing constraints. Since higher education is a risky investment and students are generally risk averse, the repayment arrangements proposed in the literature frequently include some insurance. In a competitive environment,…

Over the last several years, the media, higher education researchers, and an increasing number of policymakers have pointed to the growing levels of individual and aggregate student loan debt in the United States. At approximately $1.2 trillion, outstanding student loans have surpassed credit cards as the second largest form of consumer debt in…

To encourage individuals to enter and remain in the teaching profession, the Teacher Loan Forgiveness Program grants loan forgiveness of up to $17,500 for teachers in certain specialties, and up to $5,000 for other teachers who teach for five years in low-income schools and meet other requirements. This brochure provides information about how…

Texas faces numerous challenges, but also abundant opportunities to build the middle class and increase prosperity. Unfortunately, too many Texans are sidelined, lacking access to opportunities to learn, earn, and save to secure a prosperous future for themselves and their families. A college education provides opportunities for Texans to obtain…

Education Indicators in Focus is a recurring series of briefs that highlight specific indicators in OECD's Education at a Glance that are of particular interest to policy makers and practitioners. They provide a detailed look into current issues in pre-primary, primary and secondary education, higher education, and adult outcomes from a global…

A review of net price calculators--a financial aid tool mandated by the "Higher Education Opportunity Act" of 2008--reveals that students from low-, moderate-, and middle-income families face record-level net prices at 4-year public colleges today. These net prices will translate into levels of average total loan burden far in excess of…

After increasing by 18% (in inflation-adjusted dollars) between 2007-08 and 2010-11, the total amount students borrowed in federal and non-federal education loans declined by 13% between 2010-11 and 2013-14. Growth in full-time equivalent (FTE) postsecondary enrollment of 16% over the first three years, followed by a decline of 4% over the next…

Student financial aid--including grants and loans--plays a key role in supporting students' access to and success in college. Yet, despite periodic increases in grant funding, students and their families have increasingly relied on borrowing to cover more of the costs of higher education. As the number of student borrowers has increased and their…

This report provides data regarding state-funded expenditures for student financial aid and illustrates the extent of efforts made by the states to assist postsecondary students. Information in this report is based on academic year 2010-11 data from the 42nd Annual National Association of State Student Grant and Aid Programs (NASSGAP) survey.…

In England, there is an assumption of "fees" by the government within the further education (FE) system and it ended up in a system in which co-investment contributions from individuals are half what they should be while those from employers are not measured, not cash and not substantial. In this regard, the author examines the many…

These Web Tables present estimates of tuition and fees, the total price of attendance (tuition and fees plus living expenses), and several types and combinations of financial aid packages that undergraduates received in 2011-12. The price of an undergraduate education varies widely depending on a number of characteristics, including institution…