For many students, the burden of student debt lingers years after leaving college, dragging down their finances and household security. New federal data find that, 12 years after enrollment, students with debt still owed, on average, two-thirds of what they had borrowed -- and as many as 27 percent had defaulted. Colleges, however, face no…

We investigate relationships between several financial aid policies and student enrollment behavior. Chapters 1 and 2 (co-authored with Robert Rosenman) use proprietary data from a public research university to address institution level policies affecting enrollment. Chapter 3 (co-authored with Benjamin Cowan) utilizes government data address a…

About seven million undergraduates annually rely on federal loans to enroll in and complete college. While many successfully repay their loans, some struggle to stay on top of their payments and end up defaulting after 270 or more days of non-payment. Defaulting on a loan has several serious consequences, including adding significantly to the cost…

Despite the many plaudits it has won, the new student funding regime in Wales deserves close scrutiny, including in England as the Augar Review of Post-18 Education and Funding enters its final phase. This paper looks at the new system, particularly in relation to full-time students. The figures provided are generally for Welsh-domiciled students…

HEPI's response to the Review of Post-18 Education and Funding covers the following 10 areas: (1) Part-time learners; (2) Differential fees; (3) Maintenance grants; (4) Mixed funding model; (5) Uses of tuition fees; (6) Misunderstanding among applicants; (7) Outreach versus spending on bursaries; (8) Accounting treatment of student loans; (9)…

Three Higher Education Act (HEA) student financial aid programs--the Federal Supplemental Educational Opportunity Grant (FSEOG) program, the Federal Work-Study (FWS) program, and the Federal Perkins Loan program--collectively are referred to as the campus-based programs. Under the campus-based programs, federal funding is provided to institutions…

College tuition and student debt levels have been rising at an alarming pace for at least two decades. These trends, coupled with an economy weakened by a major recession, have raised serious questions about whether we are headed for a major crisis, with borrowers defaulting on their loans in unprecedented numbers and taxpayers being forced to…

There has been a proliferation of student loan debt over the past decade. The indebtedness that students incur while attending college reduces their discretionary income once they enter repayment after graduation. For graduates, there is an opportunity cost along with personal and professional life decisions being made based on this debt. For…

Despite having been the largest source of financial aid to low-income college students in the United States, the traditional Pell Grant had one major limitation: If students enrolled in two semesters full-time, they would not have had any tuition support for the summer term of the same academic year. The year-round Pell (YRP) was implemented in…

In response to the rapidly evolving COVID-19 pandemic, Congress and the Administration have taken several actions to support the continued education of elementary, secondary, and higher education students and to protect student loan borrowers and educational institutions from related economic hardship. The Coronavirus Aid, Relief, and Economic…

Recent changes in higher education financing policies in England have led to more students funding their studies via two types of student loan--for tuition fees and/or for maintenance. Moreover, the average amount borrowed has been increasing. Yet not all students take out loans, and understanding the determinants of take-up is important, not…

"Student Debt and the Class of 2018" is the fourteenth annual report produced by The Institute for College Access & Success (TICAS) on the student loan debt of recent graduates from four-year colleges, documenting the changes in student loan debt and variation among states as well as colleges. This report includes federal policy…

"International Perspectives in Higher Education" offers a balanced perspective on how different countries approach key policies and what the United States can learn from those programs. Jason D. Delisle and Alex Usher have gathered a diverse group of experts to examine systems across the globe with a focus on the trade-offs between…

Completing additional education after high school has nearly become a prerequisite for a stable career and middle-class income. Yet the total cost of higher education continues to climb, increasing 31 percent at public institutions and 24 percent at private nonprofit institutions in ten years. Consequently, student loans will remain a reality for…

Institute for Women's Policy Research (IWPR) conducted original research on an often-overlooked group of students--parents with children--as they struggle to make ends meet while pursuing academic degrees and certificates. Student parents often face enormous financial barriers to academic success. They report high financial insecurity including…