The effects on social mobility of stratifying pupils into different educational pathways have been debated for decades. We intervene in this debate by showing that stratification in secondary schooling is multidimensional. The extent of "differentiation" into separate tracks is distinct from "hierarchy" between tracks. To…

The Advisory Committee's 2010 report, "The Rising Price of Inequality," found that need-based grant aid from all sources was inadequate by examining the enrollment and completion rates of low-income high school graduates who seek to earn a bachelor's degree and are qualified to gain admission to a 4-year college. The major finding was…

This report discusses the current state of higher education, with a brief high-level overview of the market and a more detailed discussion and analysis of the financial aid system. It also discusses the important changes President Obama has made to make higher education more accessible and affordable. The key findings are: (1) The economic returns…