In 2006, the federal government effectively uncapped student borrowing for graduate programs with the introduction of the Graduate PLUS loan program. Access to additional federal loans increased graduate students' borrowing and shifted the composition of their loans from private to federal debt. However, the increase in borrowing limits did not…

This Policy Note explains the changes in the student accommodation market that have led to higher rents. Following the recent announcement that the maximum maintenance loan in England will increase by only 2.5% in 2024/25 and the fact that rents have been rising faster than maintenance support, this report outlines a possible a new approach,…

This study explores and examines the differences in financial resources and access to college between transgender and cisgender students. Using a quantitative criticalist lens, the authors analyzed data from the U.S. Department of Education High School Longitudinal Study (HSLS:09) and found that while trans and cisgender students attend college at…

Utilizing the concept of resilience, this paper examines the attainment of bachelor's degrees or higher by Black Americans in 2012 and 2022. In 2012, 3.668 million Black Americans aged 18 and over had at least a bachelor's degree, with women accounting for 58.5% and men accounting for 41.5 percent. In 2022, that figure increased to 5.547 million…

Earlier this year, Representative Virginia Foxx (R-NC) introduced the College Cost Reduction Act (CCRA), a bill to reform higher education grant and loan programs and to establish new accountability rules for colleges. A key part of the bill would replace the myriad income-driven repayment (IDR) plans for federal student loans, including the Biden…

A government-established student loans institute known as Instituto Colombiano de Credito Educativo y Estudios Tecnicos en el Exterior (ICETEX) has been instrumental in improving access to higher education in Colombia. This article uses the capability approach to analyze the ways in which ICETEX has contributed to loan recipients' well-being and…

Paying for college is often a family affair, with both parents and students contributing. We study the effects of college on family finances using administrative data on the universe of federal aid applicants in California linked to credit records. We provide the first comprehensive analysis of how both students and their parents use debt with…

From AI tutors who ensure individualized instruction but cannot do math to free online courses from elite universities that were supposed to democratize higher education, claims that technological innovations will transform education often fall short. Yet, as Anne Trumbore shows in "The Teacher in the Machine," the promises of today's…

There are many ways to pay for postsecondary education, and one increasingly common option is an income share agreement (ISA). Under an ISA, the learner promises a share of their pre-tax earnings to a funder for a set period after the learner finishes or stops their program. The learner makes payments only when their earnings are high enough, and…

The William D. Ford Federal Direct Loan (Direct Loan) program is the single largest source of federal financial assistance to support students' postsecondary educational pursuits. The U.S. Department of Education estimates that in FY2024, $85.8 billion in new loans will be made through the program. As of the end of the first quarter of FY2023,…

Objective: Student loan debt has become a growing crisis. Considering that women are more likely than men to take on student loans and more likely to take on larger amounts, we examine whether the effects of student loans on young adults' mental health and substance use differ by gender. Participants: We used the National Longitudinal Survey of…

In this paper, we examine college graduates' perceptions of entering student loan repayment and how they navigated this process. Findings highlight the importance of helping students make informed borrowing decisions, particularly as they begin repaying their student loan debt. Policy makers wishing to hold institutions accountable for keeping…

The new student loan repayment plan formally proposed by the Biden administration would let borrowers make lower payments and have remaining loans forgiven sooner than under current plans. Under the proposed income-driven repayment (IDR) plan, most undergraduate borrowers with typical debt levels--and nearly 90 percent of those with certificates…

In the last three years there have been big changes in rent levels and the supply of student accommodation, driven and shaped by global and national economic turbulence. High inflation, high energy costs, high building costs and high interest rates have combined to produce unprecedented rises in rent. Because of this rapid change, Unipol have run…

The Biden administration launched a new income-driven repayment (IDR) plan for federal student loans this year called Saving on a Valuable Education (SAVE). The plan cuts borrowers' monthly payments compared with current IDR plans, provides earlier loan forgiveness for smaller debts, and prevents unpaid interest from accumulating. To better…