The Colorado Department of Higher Education (CDHE) and the Colorado Department of Education (CDE) determined that an effective strategy for addressing teacher shortages and filling hard-to-fill positions in remote geographic locations is to offer repayment of educational loans for those who fill these positions. The Loan Forgiveness Program…

The Code of Virginia directs the State Council of Higher Education for Virginia (SCHEV) to submit an annual report to the House Committees on Labor, and Commerce and Education, and the Senate Committees on Commerce and Labor, and Education and Health on the implementation and overall effectiveness of the Office of the Qualified Education Loan…

The Code of Virginia directs the State Council of Higher Education for Virginia (SCHEV) to submit an annual report to the House Committees on Commerce and Labor and Education, and the Senate Committees on Commerce and Labor and Education and Health on the implementation and overall effectiveness of the Office of the Qualified Education Loan…

After decades of making minor tweaks to the U.S. financial aid system, there is a need to develop truly novel approaches to paying for college. Until now, the goal of financial aid has been narrowly framed as providing young adults with enough money to pay for college while minimizing the short-term burden to taxpayers. Because of this narrow…

The Federal Student Aid's (FSA's) Five-Year Strategic Plan for Fiscal Years 2020-24 (Five-Year Plan) establishes ambitious goals and objectives to ensure that FSA continues to provide access to higher education regardless of one's past educational experiences or socioeconomic status. This Five-Year Plan was informed by public comments; focus…

Evidence shows that financial aid increases college enrollment. For many students at low-cost community colleges, this aid is intended to cover more than tuition and fees; after those are paid, the remainder is paid out, or "refunded," to students to help with their living expenses while they are enrolled in school. Often, however, the…

For both efficiency and equity reasons, student loans schemes have been introduced by several countries. Empirical work has been carried out in order to measure the effectiveness of these policies, but, with few exceptions, their results are not comparable because of their concentration on specific aspects. The present work suggests a…

The British system of student loans has a zero real rate of interest, less than it costs the government to borrow the money. This paper discusses the problems that arise from interest subsidies in the UK system of student loans; systems in other countries, for example Australia and New Zealand, face similar problems. The topic appears to be narrow…

A growing body of empirical evidence shows that some financial aid programs increase college enrollment. Puzzlingly, there is little compelling evidence that Pell Grants and Stafford Loans, the primary federal student aid programs, are effective in achieving this goal. In this paper, we provide an in-depth review of this evidence, which taken as a…

An institutional research model used at Washington University is outlined and other practical suggestions are offered to financial aid administrators inclined to conduct similar research. The original study assessed the effects of loans on students after leaving school. (MSE)

This program evaluation by the staff of the Illinois Economic and Fiscal Commission seeks to examine the impact and effectiveness of the major student financial aid programs in Illinois. Particular emphasis was placed on public university undergraduate students. In collecting information, a survey was distributed to over 7,800 public university…

Essentially an application of installment purchase concepts to higher education, the Zero Cash Plan allows students without cash from family resources for room, board, and tuition to attend Cazenovia College (New York) by deferring parent contributions until after graduation. The program has evolved to meet changing student and institution needs.…

This pamphlet profiles almost 50 successful individuals who credit some of their career success to the financial aid made available by the Higher Education Act of 1965. The success stories are arranged in chronological order by year of college attendance, from 1965-66 to 1989-90. The profiles describe the individuals' educational background,…

Basic information about the federal Guaranteed Student Loan (GSL) program, including its status and the level of participation, is presented, and policy issues concerning cost, equity, efficiency, and administration are also identified. After specifying six criteria for evaluating options for change in the program, specific options are listed…

This description of federal compensatory education programs for the economically disadvantaged was prepared for the Organization for Economic Cooperation and Development's review of national education policies. As background, the report first describes the U.S. educational system, the social and educational changes since 1954 that gave rise to…