We synthesize and critique federal fiscal policy during the Great Recession and COVID-19 pandemic. First, the amount of aid during both crises was inadequate to meet policy goals. Second, the mechanisms used to distribute funds were disconnected from policy goals and provided different levels of aid to districts with equivalent levels of economic…

The article is an analysis which focuses on the years after the Great Recession, to show the interplay between federal and state policies. The first year after American Recovery and Reinvestment Act (ARRA) federal stimulus funds ended, Fiscal Year (FY) 2012, coincided with new federal Pell Grant eligibility restrictions. State appropriations for…

In 2009, the federal government passed the American Recovery and Reinvestment Act (ARRA) to combat the effects of the Great Recession and state revenue shortfalls, directing over $97 billion to school districts. In this chapter, we draw lessons from this distribution of fiscal stimulus funding to inform future federal intervention in school…

Student debt levels were already pronounced before the pandemic hit, with $91.1 billion in annual federal student lending in 2019-20, up from $20.7 billion in 1990-91. Over that same period, per-student borrowing rose from $2,110 to $6,276, after adjusting for inflation. Evidence available as of Nov. 20, 2021, suggests that the COVID-19 downturn…

The objective of this review was to evaluate the results of Federal Student Aid's (FSA) process for suspending involuntary collection and refunding payments involuntarily collected on defaulted Department-held loans in response to the Coronavirus pandemic. The information presented in this report was obtained and analyzed through interviews,…

Since 2003, the State Higher Education Executive Officers Association (SHEEO) has produced the annual State Higher Education Finance (SHEF) report to broaden understanding and enable analysis of state-level and national funding and enrollment trends over time. The SHEF report provides the earliest possible review of state funding for higher…

This paper engages with current debate on the role of the university following COVID-19, exposing the ongoing corruption of traditional values of the tertiary sector, and the shift in teaching and learning expectations across the academy. It highlights the negative impact of the huge decline in government funding since the 1990s, salary inequity,…

The State Higher Education Finance (SHEF) report is produced annually by the State Higher Education Executive Officers Association (SHEEO) to broaden understanding of the context and consequences of public policy decisions in each state that contribute to public higher education funding levels and funding distributions across states and…

We examine the correlates of district spending and revenue losses following the onset of the Great Recession and the role of fiscal federalism in mitigating these losses. We estimate whether spending and revenue declines were driven primarily by local labor market conditions or the degree of state fiscal centralization. Utilizing population level…

The coronavirus has created an enormous--and expensive--challenge for elementary and secondary schools, while simultaneously depleting the revenue sources on which public schools depend. During the Great Recession, the federal government filled in a significant share of lost revenue. In contrast, the federal response to date has been limited. If…

The 2020 Democratic presidential primary elevated free-college plans to the top of the national agenda, with many candidates proposing expansive programs to help states make public colleges and universities free for in-state students. Proponents of these plans argue that tuition at public colleges and universities has become increasingly…

States and the federal government have long provided substantial financial support for higher education, but in recent years, their respective levels of contribution have shifted significantly. Given the essential role that government funding plays in higher education access and operations, policymakers across the nation frequently face difficult…

The Great Recession's effect on state school finance systems was unlike previous downturns in the early 1990s and early 2000s in that it: a) involved a greater loss of taxable income in many states, thus greater loss to state general fund revenues, b) also involved a substantial collapse of housing markets and related reduction or at least…

This paper examines the U.S. social insurance system, which we define broadly to include both programs supported by dedicated taxes and other federal programs that provide income support, assistance in meeting basic needs, or services to improve economic opportunity. The paper considers the social insurance system as a whole as well as its…

The authors evaluate what impact, if any, the financial downturn had on the funding of traditional public school districts and public charter schools during the period FY07 to FY11 by examining all education revenues in Denver, Los Angeles, Milwaukee, Newark, and Washington, DC. The findings indicate that the majority of sites increased…