In 2008, America's largest government-sponsored enterprises (GSEs)--the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac)--recorded combined net losses of $109 billion. This figure surpassed the GSEs' cumulative net income over the prior 40 years, and the federal government placed both…

Title IV of the Higher Education Act of 1965 (HEA; P.L. 89-329, as amended) authorizes the operation of three federal student loan programs: the William D. Ford Federal Direct Loan (Direct Loan) program, the Federal Family Education Loan (FFEL) program, and the Federal Perkins Loan program. While new loans are currently authorized to be made only…

Poverty & Race Research Action Council's (PRRAC's) March 2021 policy brief, "Mixed income neighborhoods and integrated schools: Linking HUD's Choice Neighborhoods Initiative with the Department of Education's Magnet Schools Assistance Program" (ED611507), highlighted an important opportunity for interagency collaboration, encouraging…

This dissertation consists of two chapters, both of which study the wealth inequality using heterogenous agent general equilibrium model. In particular, the first chapter focuses on a government policy and its implications on wealth inequality. The second chapter incorporates cost to high return assets to generate realistic wealth mobility in the…

The federal role in higher education has grown over the past two decades, and now a new administration has the opportunity to strengthen policies that support students and their colleges and universities. To help inform these decisions, the Urban Institute convened a bipartisan group of scholars and policy advisers to write a series of memos…

The Build Back Better (BBB) framework would create an ambitious $400 billion early childhood initiative -- funding both universal prekindergarten for 3- and 4-year-olds and initiatives designed to improve affordability, quality, and compensation within the child care arena. On November 19, 2021, The Build Back Better Act (H.R. 5376) was passed in…

The "IDRA Newsletter" serves as a vehicle for communication with educators, school board members, decision-makers, parents, and the general public concerning the educational needs of all children across the United States. The focus of this issue is "The Census Effect." Contents include: (1) The 2020 Census is Here -- Schools…

The "Budget of the United States Government, Fiscal Year 2022" contains the Budget Message of the President, information on the President's priorities, and summary tables. The Budget includes two historic plans the President has already put forward--the American Jobs Plan and the American Families Plan--and outlines a package of…

Nearly half of U.S. schools are facing COVID-related staff shortages that threaten the efforts to shape programming and invest in resources to solve students' unfinished learning. Without enough teachers and support staff, students won't receive rigorous instruction, won't have access to targeted intensive tutoring to address their unfinished…

In 2016, the federal government proposed and adopted the Every Student Succeeds Act, which retracted the federal government's prior control over states' teacher evaluation systems, permitting more local control. Kevin Close, Audrey Amrein-Beardsley, and Clarin Collins collected information from states to determine the degree to which states were…

In spring 2020, New America and the State Higher Education Executive Officers Association (SHEEO) partnered on a year-long research project to understand the effect of the confluence of the pandemic, economic crisis, and racial reckoning on America's colleges and universities. We interviewed over 100 college leaders from across higher education…

This report identifies and describes federal student loan forgiveness and loan repayment programs that are currently authorized by federal law. It provides brief, summary descriptions of identified programs. These program descriptions are intended to provide policymakers with general information about the purpose of existing programs and how they…

Nearly four million U.S. undergraduate college students are parents or guardians of children under the age of 18. These student parents, who already faced immense financial, child care, food, and housing insecurity before the COVID-19 pandemic, are now dealing with multiple new barriers, including school closures, lay-offs, and child care…

For-profit colleges do not always recruit aggressively; nor do they always shortchange students. But the problem of colleges systematically overpromising and underdelivering, when it does happen, has largely been a for-profit phenomenon. The abuses have been the most widespread and most damaging when they have been fueled by government grants and…

The Government Performance and Results Modernization Act of 2010 defines major management challenges as programs or management functions that are vulnerable to waste, fraud, abuse, and mismanagement, and where a failure to perform well could seriously affect the ability of the U.S. Department of Education (Department) to achieve its mission or…