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 supplies important context and trend analysis to help inform state…

The Free Application for Federal Student Aid (FAFSA) Simplification Act made several changes to the FAFSA, including changing the formula for determining student financial assistance need and simplifying the application. The rollout of the redesigned 2024-2025 FAFSA application encountered issues that affected students' ability to apply for aid.…

Using a panel dataset from 2000 to 2014, this paper employs a difference-in-difference design to consider the impact of the introduction of a "promise program" on postsecondary institutions' internal spending levels and patterns. We find that promise programs influence postsecondary institutional behavior in every area we tested:…

Community college baccalaureates (CCBs) provide an affordable pathway to baccalaureate-level education but increasing tuition rates present a potential financial barrier for students. Institutional aid as a cost-constraining mechanism has historically been less utilized in the 2-year sector when compared to traditional 4-year institutions. Yet,…

Nontuition expenses--including housing, food, transportation, and miscellaneous expenses, in addition to books and supplies--constitute a significant financial burden for many students pursuing higher education, even if they receive grant aid to help them pay tuition and fees. Well-designed policy interventions at both the federal and state levels…

Background/purpose: Education has been heralded as a transformative tool essential for both individual and national development. Despite free education's aim to provide equitable access, significant gaps remain, particularly regarding financial stability, academic support, and living conditions. This study reports on the challenges of free…

Now in its sixteenth year, the "2024 Student Financial Services Benchmarking Report" has become a key component in our efforts to help institutions compare their key financial indicators against national averages and self-selected institutional peer groups.

The Student Financial Services (SFS) Benchmarking Report examines student financial services operations, including: unpaid student account balances; student accounts in collections; payment channels and methods; student refunds; third-party billing; and staffing and financial services operating budget.

Education Savings Accounts (ESAs) are private savings accounts funded by a deposit from the state government and managed by a parent. The deposit amount varies from state to state and is typically based on the state's per-pupil amount. To use an ESA, parents withdraw their child from the public school system and use ESA funds to purchase specified…

In order to assist higher education institutions and their students during the pandemic, the federal government established the Higher Education Emergency Relief (HEER) Fund, which directed over $75 billion to institutions of higher education--including nearly $25 billion to community colleges--over a three-year period. The U.S. Department of…

This report is a comprehensive analysis of college spending trends and the impact spending has on tuition and student success. American Council of Trustees and Alumni (ACTA) analyzed data from more than 1,500 four-year public and private, nonprofit colleges and universities. The data reveal that institutional spending has continued to surge…

The Student Financial Services (SFS) Benchmarking Report examines student financial services operations, including: unpaid student account balances; student accounts in collections; payment channels and methods; student refunds; third-party billing; and staffing and financial services operating budget. [For the 2021 report, see ED615270.]

While the popularity of state-financed merit-based scholarships has increased since the 1980s, policymakers struggle to maintain these programs because of growing costs. Some have tried to manage this tradeoff through eligibility changes or award amounts; however, little empirical research exists on the effectiveness of these changes. We add to…

The Office of Inspector General (OIG) consistently dedicates significant resources to the oversight of Federal student assistance programs programs due to the risks associated with their complexity, high levels of funding, large numbers of program participants, and reliance on contractors. Through the office of Federal Student Aid (FSA), the U.S.…

While research has documented outcomes for students served by promise programs, few studies have considered the behavior of institutions themselves in the promise era. A new source of revenue combined with larger and more diverse cohorts is likely to motivate changes in spending and staffing--decisions instrumental to student access and success.…