It has become increasingly difficult to succeed in the U.S. workforce with only a high school diploma. While 75% of the middle-class workforce had only a high school education in the 1970s, that percentage dropped to below 40% by 2007. An estimated two-thirds of all jobs in 2020 will require some postsecondary training, up from just a quarter of…

This paper presents the Federal Student Aid Annual Report for 2010. Federal Student Aid experienced an extraordinary year in 2010. The passage and enactment of the Health Care and Education Reconciliation Act of 2010 ushered in sweeping reforms to the federal student financial assistance programs, resulting in tens of billions of dollars in…