This paper seeks to enhance understanding of how low-income students navigate financial stress by integrating the asset-based concept of financial well-being and including a focus on the institutional context. Data collected from 378 interviews with students from low-income backgrounds illustrate complex ways that students experience financial…

Community college students must navigate complex financial aid policies and procedures to obtain their aid award. In this study, I investigated how Students of Color at a community college experience financial aid disbursements. Through qualitative interviews, I found that community colleges disburse aid to students through a process I define as…

Unexpected and emergency expenses remain a persistent barrier to on-time college completion and student success. A staggering number of students, particularly those enrolled in public 2-year and most Minority Serving Institutions (MSIs), report they would be unable to come up with $500 within a month. As the demographic of college students becomes…

The Free Application for Federal Student Aid (FAFSA) is the application that postsecondary students complete to receive federal grants, work-study, and loans; as well as some state and institutional grants, and private financial aid. In 2019-2020, 17.7 million undergraduates filed a FAFSA and in 2021-2022, full-time equivalent students received an…

Public higher education institutions in developing countries have faced a steady increase in student enrolment, driven by historical factors such as the expansion of access to education following the end of apartheid in South Africa and other policies aimed at addressing socio-economic inequalities. This increase, however, has led to challenges in…

This HEPI Report considers the strategies adopted by higher education institutions to support students affected by the cost-of-living crisis. It finds they are adopting a range of measures, such as supporting students with the costs of food and drink, providing means-tested and unconditional funding, subsidising student activities, and opening…

The student loan payment pause ended two years ago as of September 2025, but borrowers were given a one-year "on-ramp" to resume payments. In April, the Department of Education announced that collections on student loans would start again. The California Policy Lab's prior work found that a large portion of borrowers were likely to…

Approximately one in five undergraduate students, including around a quarter of first-generation students, are parents. These learners are highly motivated in their pursuit of postsecondary education, but face many challenges including time poverty, financial insecurity, and a low sense of belonging with their institution. To better understand the…

The number of individuals with student loan debt who do not earn their degrees is on the rise; nevertheless, there is little research that demonstrates their current circumstances and future aspirations. We address this knowledge gap by comparing the financial distresses and re-enrollment aspirations of student debt-holders who started college but…

The rising cost of higher education has led to increased tuition costs for students and their families, forcing more students to secure larger amounts of debt to finance their educational pursuits. Although scholars have explored how student loan debt accumulation influences higher education persistence and graduation, an unexplored area of higher…

This report shares Fall 2024 Student Financial Wellness survey (SFWS) results from more than 53,000 undergraduate students at 104 institutions across the country. It highlights student financial security, basic needs security, academic disruptions, personas as workers or parents, and perceptions of the return on investment. The findings presented…

The expansion of higher education through the privatisation of funding sources raises a question regarding socioeconomic inequality in participation in higher education. To explore mechanisms of educational inequality, this study examines how different indicators of socioeconomic background work together to influence both participation in higher…

There is mounting evidence of increased international student financial and work precarity over the last decade in Australia. Yet, there has been a little scholarly analysis of which students are most affected by precarity and its sources. Drawing on two surveys of international students in Australia's two largest cities, conducted before and…

In the summer of 2022, New America managed focus groups with almost 50 borrowers from across the country who reported holding federal student debt and defaulting on their loans before the COVID-19 pandemic. Focus group participants felt hopeless about their student loans, and they had good reason to feel this way. They entered the default system,…

Youth formerly in foster care (YFFC) are more likely to report facing financial struggles while in college and may lack resources, marketable skills, and have limited networks/ support to rely on. These students may not have access to the same kind of family support as their peers. To address these challenges, this population relies more heavily…