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…

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…

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…

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…

The Public Service Loan Forgiveness (PSLF) program was established in 2007 and forgives borrowers' remaining federal student loan balances after they have made at least 10 years of qualifying loan payments while working in public service. Starting in September 2017, the first borrowers potentially became eligible for the PSLF program and began…

Considering the extensive social and private benefits that higher education generates, ensuring inclusive access and success is essential to achieve social justice and economic efficiency. With this premise in mind, this article reviews current knowledge about equity promotion policies in higher education and what is known about the effectiveness…

Starting in September 2017, the first borrowers became eligible and began applying to have their loans forgiven through the Public Service Loan Forgiveness (PSLF) program. The US Government Accountability Office (GAO) was asked to review the PSLF program. This report examines the (1) number of borrowers pursuing PSLF and the extent to which the…

At a time when student loan debt continues to mount for many, the Public Student Loan Forgiveness (PSLF) program--established in 2007 and administered by Education--is intended to encourage individuals to pursue careers in public service. Senate Report 116-48 included a provision for the Government Accountability Office (GAO) to study the…

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…

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…

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…

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…