The purpose of the U.S. Department of Education's (Department's) fiscal year (FY) 2023 "Agency Financial Report" (AFR) is to inform Congress, the President, other external stakeholders, and the American people on how the Department used the federal resources entrusted to it to advance the mission of the Department to promote student…

This study sought to identify alignment and allocation habits of public, two-year postsecondary institutions with the purpose and intent of the Carl D. Perkins Act. More specifically, it aimed at determining the primary areas of use of the grant and attempted to identify ambiguities and success of the Act. Both qualitative and quantitative data…

U.S. citizens or permanent residents, enrolled at least half time in a qualified program at a participating school, not in default on a prior federal student loan, and not previously convicted of a drug offense while receiving federal financial aid are eligible to apply for a student loan. This chart summarizes the interest rates, loan limits, and…

Financial aid policies are widely used to foster access to higher education for low-income and underrepresented students. Prior research has documented the positive impacts of these programs on the outcomes of the students it intents to help (e.g., Mello, 2021; Londono-Velez et al., 2020; Bleemer, 2021a; Black, Denning, & Rothstein, 2020).…

National Association of Student Financial Aid Administrators' (NASFAA's) National Student Aid Profile is an annual publication designed to give a high-level overview of the federal student financial aid programs that provide funding to millions of students each year. This profile includes an overview of: (1) The Federal Pell Grant Program; (2) The…

National Association of Student Financial Aid Administrators' (NASFAA's) National Student Aid Profile is an annual publication designed to give a high-level overview of the federal student financial aid programs that provide funding to millions of students each year. This profile includes an overview of: (1) The Federal Pell Grant Program; (2) The…

Financial stress and student loan debt are on the rise among today's college students. This study examined the associations between financial factors and students' college goal commitment. A multi-institutional survey was used to assess students' financial stress, estimated student loan debt, and the perceived importance of career, economic,…

Through the lens of Human Capital theory, the role of financial aid (both amount and type) is explored in the context of student financial stress, and ultimately general student health. Data are taken from a sample of 232 students from a major Midwestern university who were surveyed about their financial attitudes, behavior and knowledge. The…

The Public Service Loan Forgiveness (PSLF) program was established in 2007 and forgives borrowers' remaining federal student loan balances after they have made at least 10 years of qualifying loan payments while working in public service. Starting in September 2017, the first borrowers potentially became eligible for the PSLF program and began…

The higher education system in America is in need of significant reform. Twin challenges of high cost and low quality require attention from federal policymakers--who oversee tens of billions in federal aid to colleges and universities annually. In recent years, some policymakers, most notably during the Obama Administration, have singled out…

This edition of WICHE Insights reviews the results of the Western Interstate Commission for Higher Education's (WICHE) annual survey of tuition and fees at public postsecondary institutions in the West, along with trends in state appropriations and state financial aid. WICHE administered its tuition and fees survey in the summer and fall of 2018…

In recent years, there has been strong bipartisan interest at the congressional level to require annual federal student loan counseling. Given this interest, and the National Association of Student Financial Aid Administrators' (NASFAAs') commitment to being an active, helpful partner in reauthorization discussions, NASFAA convened a task force…

The cohort default rate (CDR) has worked to reduce students' risk of default, but decades of experience have also revealed weaknesses that policymakers must tackle. "Driving Down Default" outlines key priorities for strengthening the CDR to further reduce student loan default, including specific recommendations to protect against…

Latino students are entering college at record numbers. Today, almost 3.8 million Latinos are enrolled in colleges and universities across the United States. Yet Latino students lag behind their White and Asian peers in attaining college degrees. The overall completion gap exceeds ten percentage points. What is causing this completion gap?…

Enrollment managers strategize to transform high school students into college freshman, also known as ripe honey, but efforts are stifled when rising tuition costs negatively impact graduation rates. Tuition prices have risen from $500 to upwards of $60,000 and rising in just 50 years, and higher education is under fire for the continual rise in…