College attendance has increased significantly over the last few decades, but dropout rates remain high, with fewer than half of all adults ultimately obtaining a postsecondary credential. This project investigates whether one-on-one college coaching improves college attendance and completion outcomes for former state aid recipients identified as…

College graduates tend to marry each other. We use detailed Norwegian data to show that strong assortativity further arises by institution and field of study, especially among high earners from elite programs. Admission discontinuities reveal that enrollment itself, rather than selection, primarily drives matching by institution and field among…

Pell Grants are the cornerstone of federal financial aid for students with low income who are enrolled in postsecondary education. Currently, these grants are available only to those who seek an initial undergraduate degree or credential requiring at least a typical semester of instruction. Because these rules may restrict access to programs…

This appendix volume supplements report NCEE 2025-005r, describing the effects of two experimental Pell Grant expansions: the first allowed income-eligible students with a bachelor's degree to obtain this form of federal financial aid for short-term occupational training programs and the second allowed income-eligible students to obtain this aid…

Researchers have repeatedly found that within modern higher education systems, students from wealthier backgrounds tend to be concentrated in the most advantageous sectors. Dubbed "effectively maintained inequality," this process allows these groups to maintain a competitive advantage in the labor market by virtue of acquiring more elite…

Much of modern education has focused on developing individuals' skills to be productive parts of society. The developed skills can become enablers of financial stability, independence and economic security. Yet, on a relative basis, considerably less effort is expended on building the financial skills for individuals to preserve their wealth and…

Current research on intergenerational mobility (IGM) is informed by "statistical" approaches based on log-level regressions, whose "economic" interpretations remain largely unknown. We reveal the subjective value-judgments in them: they are represented by weighted-sums (or aggregators) over heterogeneous groups, with…

Prior studies of means-testing in college financial aid formulas have analyzed the disincentives to save attributable to the inclusion of assets in the formulas. Such disincentives are only half of a standard incentives--insurance trade-off. When income is uncertain, a financial aid formula that conditions aid on assets and income provides…

The reconciliation bill House Republicans passed outlines several proposed changes to higher education financing, including a new risk-sharing formula that would have colleges pay back a portion of their students' unpaid student loan bills. The amount colleges must pay is based on borrowers' unpaid loan payments each year (missed payments or…

Postsecondary education and middle-skills occupational training are viewed as important paths to higher-paying jobs and careers. Lifelong learning pathways geared toward working learners aged 25 and older also seem essential for career advancement and professional growth in the current job market. However, many learners face financial and other…

We present a model of endogenous schooling and earnings to isolate the causal effect of parents' education on children's education and earnings outcomes. The model suggests that parents' education is positively related to children's earnings, but its relationship with children's education is ambiguous. Identification is achieved by comparing the…

When the COVID-19 pandemic began, the federal government responded by expanding the country's safety-net programs, including through stimulus payments. There were also significant federal policy changes to the Supplemental Nutrition Assistance Program (SNAP), the largest food assistance program in the United States. Benefit amounts were increased,…

In a society where individuals can control their own destiny, socioeconomic origins would have little bearing on educational outcomes or earnings prospects. This ideal has driven the work of generations of Illinois educators, activists, policymakers, and employers, and it animates current statewide efforts to provide equal opportunities and…

This study dwells on the state of the accessibility of higher education in countries of Central Asia and Russia depending on the level of income and social status of citizens. The focus is on the problem of the necessity of forming inclusive higher education, which would be accessible without limitations by financial and material capabilities. We…

Head Start (HS) is our nation's largest two-generation program that provides early education services to children and a variety of family support services that may promote economic wellbeing. Yet, no prior research has documented or described the effects of HS on parental earnings. We explore whether the program promotes parental earnings on…