College loans serve as a double-edged sword for human capital investment: While they facilitate access to education, the burden of repayment may distort post-education investments in human capital. We examine the role of college loans and loan repayment policies through a structural model in which heterogeneous individuals, faced with borrowing…

With the cost of college soaring and the national six-year completion rate below 60 percent, the federal government's support for higher education faces heightened scrutiny. What kind of regulation and accountability should Congress impose on Washington's hefty funding of Pell grants and subsidized loans? As legislators turn their attention to…

In an era of significant disinvestment in public higher education by state governments, many public universities are moving toward a "progressive tuition model" that attempts to invest approximately one-third of tuition income into institutional financial aid for lower-income and middle-class students. The objective is to mitigate the…

Kevin Carey, vice president for education policy and knowledge management at New America, notes that lawmakers charged with writing a new Higher Education Act (HEA) face a dilemma. Innovation in the higher-ed marketplace is badly needed to improve student learning and break the relentless cycle of increasing cost that puts college out of reach for…

Higher education has changed dramatically in the last 40 years. What was the privilege of rich nations or poor countries' elites is now an integral part of international competition and development strategies. However, the rapid expansion in enrollment has posed significant challenges in terms of providing adequate financing, access and securing…

Student employment subsidies are one of the largest types of federal employment subsidies, and one of the oldest forms of student aid. Yet it is unclear whether they help or harm students' long term outcomes. This document contains the appendices to the report "Should Student Employment Be Subsidized? Conditional Counterfactuals and the…

There is currently a great deal of interest in the potential of reductions in or elimination of the cost of college attendance for students (here referred to as college subsidies) to increase equitable access to higher education. A number of Democratic presidential candidates have advanced proposals for such programs. However, because colleges and…

Access and affordability are the main themes of Goal 1 of The Virginia Plan for Higher Education. Progress toward these goals can be measured by a variety of means, but access and affordability serve as foundational guiding principles as the Commonwealth of Virginia crafts its annual and biennial higher-education budgets. Student-loan debt is but…

Retention rates of first generation college student (FGCS) became a growing concern for leaders of educational institutions in the U.S. FGCS were several times more likely to exit college without a degree as compared to their traditional counterparts. The Model of Institutional Departure offered a general framework of college student retention.…

Student out-migration is a well-studied topic covering more than 40 years of research. This literature has typically equated student out-migration to out-of-state enrollment and has classified all college attendance taking place in students' state of residence as in-state enrollment. This study argues that failing to capture students'…

For both efficiency and equity reasons, student loans schemes have been introduced by several countries. Empirical work has been carried out in order to measure the effectiveness of these policies, but, with few exceptions, their results are not comparable because of their concentration on specific aspects. The present work suggests a…

The purpose of this article is to discuss how best to finance higher education in low-income countries of sub-Saharan Africa, drawing on benefits and drawbacks of the prevalent models of higher education finance, and lessons to be learned from countries which have seen greater expansion of their higher education systems in recent decades. Two main…

While the literature on postsecondary student success identifies important academic and social factors associated with student outcomes, one question that persists concerns the influence of financial aid. We use the National Student Clearinghouse's StudentTracker service to develop a more complete model of student success that accommodates…

With the growing demand for college-educated workers, a college education is one of the surest ways into the middle class. To help more students afford and graduate from college, the Administration has taken steps to address these challenges -- doubling Federal investments in Pell Grants and college tax credits, reforming student loans, and taking…

The study conducts a review on the linkage between student loans and low-income students' baccalaureate degree achievement. Specifically, this study synthesizes literature on low-income students' borrowing patterns, low-income students' baccalaureate degree achievement, as well as the relationship between these two topics. Future research should…