The North Carolina Promise (NC Promise) is an education subsidy program that sets in-state tuition at $500 per semester and out-of-state tuition at $2500 per semester for all undergraduates at four campuses of the University of North Carolina (UNC) System campuses applies to all undergraduate students beginning with the Fall 2018 semester. A goal…

College promise programs can be found in every state in the country, though they vary widely in design. Most programs aim to reduce the tuition and fees students pay with the goal of increasing educational attainment and reducing the financial burden on students. The NC Promise policy functions in this space by reducing tuition for all students…

Obtaining a college degree is positively correlated with gains in socioeconomic mobility. However, college is expensive. Given the importance of college in increasing social mobility, lawmakers have proposed eliminating student debt. Joe Biden, for example, has incorporated eliminating student debt into his presidential campaign promise. While…

The Colorado Department of Higher Education (CDHE) and the Colorado Department of Education (CDE) determined that an effective strategy for addressing teacher shortages and filling hard-to-fill positions in remote geographic locations is to offer repayment of educational loans for those who fill these positions. The Loan Forgiveness Program…

In the United States, 44.7 million individuals carry student loan debt (Bustamante, 2020). Female students borrow money at higher rates than males (Qian & Fan, 2021). First-generation students borrow more than students whose parents attended college (Redford & Hoyer, 2017). Therefore, female first-generation students carry the highest…

The Code of Virginia directs the State Council of Higher Education for Virginia (SCHEV) to submit an annual report to the House Committees on Labor, and Commerce and Education, and the Senate Committees on Commerce and Labor, and Education and Health on the implementation and overall effectiveness of the Office of the Qualified Education Loan…

The Code of Virginia directs the State Council of Higher Education for Virginia (SCHEV) to submit an annual report to the House Committees on Commerce and Labor and Education, and the Senate Committees on Commerce and Labor and Education and Health on the implementation and overall effectiveness of the Office of the Qualified Education Loan…

Governments around the world use grant and loan programs to ease the financial constraints that contribute to socioeconomic gaps in college completion. A growing body of research assesses the impact of grants; less is known about how loan programs affect persistence and degree completion. We use detailed administrative data from Chile to provide…

The development of cost-efficient pathways is a topic of increasing political and scholarly interest across many North American jurisdictions. It has been suggested that 'seamless' transfer pathways can provide financial savings to both students and taxpayers. However, such claims are typically based on hypothetical cost calculations, as opposed…

Two studies were conducted to better understand the association between higher education and adult success from the perspective of young adult student loan borrowers five years after graduating. Data for both studies were drawn from the Arizona Pathways to Life Success (APLUS) project. This sample borrowed during a period of changing economic…

Postsecondary education is a key pathway to economic mobility for many Americans, but financial challenges often make it difficult for learners to pursue and complete their education. Obtaining financing for postsecondary education can be a barrier to access for some students. The process is complicated, and many programs are ineligible for…

In recent decades, several dozen colleges and universities have instituted loan-reduction initiatives (LRIs), such as "no-loan" programs. Institutions frequently cast such initiatives as efforts to increase socioeconomic diversity on campus. Using a difference-in-differences analytic strategy with national institution-level data, we…

This research study attempted to understand the implications of a last-dollar, free community college program, otherwise known as a College Promise Program, and its ability to provide educational access, academic success, and degree attainment for the neediest of students. Three research questions focused on the relationship between eligibility…

At the end of 2019, 43 million Americans owed over $1.5 trillion in federal student loans. The rapid increase in these balances over the past decade has led many to deem student debt a "crisis." Now, there is growing support among Democratic policymakers, and even some Republicans, to immediately cancel all or most of the federal…

In 1965, the federal government passed the Higher Education Act (HEA), which paved the way for today's federal student loan program. Much of the policy debate about student loans centers on the amount of debt that has already been issued, escalating default rates, and what can be done to make repayment more affordable. But often overlooked in this…