Recent turbulence in the student-loan business has colleges scrambling to find new loan providers. Financial-aid offices at affected colleges are working hard to get the word out to students. Changes in the loan market have hit community colleges particularly hard because their students tend to have smaller loans and higher default rates than…

The Bush administration has called off internal deliberations over a bailout plan for student-loan companies after concluding it did not have the authority to act on its own. Instead, it endorsed a Congressional proposal that would allow the education secretary to purchase loans from private lenders. The decision leaves Congress facing a ticking…

Whereas community colleges and for-profit institutions both provide postsecondary educational opportunities, they are different in a host of dimensions. This brief describes some of those differences--not to win a debate or suggest public policy, but to show why comparisons made between the community colleges and for-profit institutions are more…

The purpose of the United States Department of Education's (the Department) Fiscal Year (FY) 2015 "Agency Financial Report" (AFR) is to inform Congress, the President, and the American people on how the Department has used federal resources entrusted to it to promote achievement and preparedness of youth entering a global environment by…

The SREB Fact Book on Higher Education includes data on the population and economy, enrollment, degrees, student tuition and financial aid, faculty and administrators, revenue and expenditures. With more than 100 tables of detailed information, the Fact Book is one of the nation's most respected and most comprehensive collections of comparative…

A group of 32 attorneys general from across the United States urged Congress last week to enact new restrictions on the student-loan industry, saying their investigations continue to reveal "new levels of corruption and deception" that require a rapid response from lawmakers. The attorneys general, led by Andrew M. Cuomo of New York, are trying to…

Community colleges are usually considered a low-cost college option, but the sticker price is only part of the real story--students often struggle to cover a range of related costs and living expenses. Financial aid can be a big help, but many community college students have a harder time paying for college than their peers at four-year schools.…

Higher education in Russia is currently being reformed. A standardized computer-graded test and educational vouchers were introduced to make higher education more accessible, fund it more effectively, and reduce corruption in admissions to public colleges. The voucher project failed and the test faces furious opposition. This paper considers…

Student loans schemes are in operation in more than seventy countries around the world. Most loans schemes benefit from sizeable built-in government subsidies and, in addition, are subject to repayment default and administrative costs that are not passed on to student borrowers. We probe two issues in this paper, for 44 loans schemes in 39…

This paper is the fifth annual report on the cumulative student loan debt of recent graduates from public and private nonprofit colleges. This analysis of the latest available data found that the debt levels of students who graduate with loans continued to rise, with considerable variation among states as well as among colleges. This report…

This paper discusses what federal student aid is and how to apply for it. It also provides a list of federal student aid programs for 2011-12. Federal student aid comes from the federal government--specifically, the U.S. Department of Education. It's money that helps a student pay for education expenses at a postsecondary school (e.g., college,…

Enrollment in for-profit colleges has grown from about 365,000 students to almost 1.8 million in the last several years. These colleges offer degrees and certifications in programs ranging from business administration to cosmetology. In 2009, students at for-profit colleges received more than $4 billion in Pell Grants and more than $20 billion in…

The Coordinating Board for Higher Education (CBHE) and the Missouri Department of Higher Education (MDHE) present this Annual Report of accomplishments, benchmarks and statistics related to Missouri higher learning for Fiscal Year 2011. This report provides a snapshot of the issues, policies and goals considered by the CBHE during the 2011 fiscal…

Private for-profit institutions have been the fastest growing part of the U.S. higher education sector. For-profit enrollment increased from 0.2 percent to 9.1 percent of total enrollment in degree-granting schools from 1970 to 2009, and for-profit institutions account for the majority of enrollments in non-degree granting postsecondary schools.…

Policy burdens of HEIs (higher education institutions) lead to the soft budget constraint (SBC) and the excessive loans of HEIs. Since information asymmetry and incentive are incompatible, policy burdens will result in the adverse selection of the president, and the excessive loans and low efficiency of HEIs. When HEIs are with policy burdens, the…