Purpose: Using a political economy framework, this paper examines the financing trend, by investigating three systematic spikes occurring between 2004 and 2016. The study aims to provide a useful review of the interaction of politics, financial decisions and educational outcomes. Additionally it provides a useful guide, especially to academics, to…

This paper examines how colleges respond to the introduction of broad merit aid programs. Previous research has emphasized the impact of merit aid on enrollment, student choices, and post-matriculation outcomes. Yet much less is known about how state-implemented merit aid programs affect colleges' financial decisions. To explore impacts, college…

Despite the growing popularity of free college proposals, countries with higher college subsidies tend to have higher enrollment rates but not higher graduation rates. To capture this evidence and evaluate potential free college policies, we rely on a dynamic model of college enrollment, performance, and graduation estimated using rich…

As full-time virtual learning moved from the fringe to the mainstream in mid-March 2020, onlookers expressed concerns about access for learners and accountability for the learning itself. Concerns have not applied only to full-time virtual schools, however. Alternative schools that serve students who have dropped out or transferred from…

Federal financial aid was established under the Higher Education Act of 1965. Since then, changes to the act have increased funding and expanded eligibility for students accessing federal financial aid. While the distribution of federal financial aid has expanded over the last 60 years, untapped financial resources remain every year because…

Higher education productivity, as measured by academic degrees granted by American colleges and universities, is declining. Since the early 1990s, real expenditures on higher education have grown by more than 25 percent, now amounting to 2.9 percent of US gross domestic product (GDP)--greater than the percentage of GDP spent on higher education in…

In American higher education, it has become the accepted standard to measure graduation rates at four-year colleges on a six-year time frame. Evaluations of two-year community colleges are now based on three-year graduation rates. Metrics like these are unacceptable, especially when we consider that students and their families are trying…

Severe fiscal tensions threaten U.S. public higher education. Many policy solutions have been suggested, but it is difficult to subject these qualitative ideas to rigorous empirical evaluation. In this work, we employ an agent-based model of a representative state-funded public university system (including a flagship campus, an urban campus, and…

This longitudinal, mixed-method study explores how the financial burdens of college attendance impact student involvement and experiences throughout the first year of college. The student participants at 4 Midwestern, public universities were engaged to describe their experiences throughout their first year as they navigated a complex and…

"Education at a Glance: OECD Indicators" is the authoritative source for accurate and relevant information on the state of education around the world. It provides data on the structure, finances, and performance of education systems in more than 40 countries, including OECD members and G20 partners. Featuring more than 100 charts, 200…

Enhancing student persistence and effectively managing financial resources present important challenges to higher education. Surprisingly, existing student persistence and attrition models offer little insight into the potential links between institutional expenditures and student persistence. This study examines the impact of institutional…

"Education at a Glance: OECD Indicators" is the authoritative source for accurate and relevant information on the state of education around the world. It provides data on the structure, finances, and performance of education systems in the OECD's 34 member countries, as well as a number of non-member G20 nations. Featuring more than 140…

The future of Greece's well-being will depend on improving educational performance to boost productivity and improve social outcomes. In the current economic context, with the need to get best value for spending, Greece must and can address inefficiencies in its education system. The challenges are significant. For example, Greece lags behind many…