The Federal Perkins Loan Program Extension Act of 2015 (Public Law 114-105) was put in place to extend temporarily the Federal Perkins Loan program, and for other purposes. The act is organized into the following sections: (1) Short Title; (2) Extension of Federal Perkins Loan Program (Authority to Make Loans--In General: Section 462 of the Higher…

As college costs continue to rise, students and their families increasingly rely on federal loans to help pay for college expenses. In 2011-12, over half of all undergraduates (52 percent) had borrowed money from the federal government to fund their education, compared with just over one-quarter (27 percent) in 1989-90, some 2 decades. Although…

In spite of the well-paying, in-demand jobs that many STEM degrees can lead to, just 18 percent of the 1.9 million bachelor's degrees awarded in the U.S. in 2015-16 (the most recent data available) were in STEM subject areas.3 Given that about 5 percent of workers with a non-STEM undergraduate degree work in a STEM field, a large proportion of a…

The primary purpose of the National Association of Student Financial Aid Administrators (NASFAA) Campus-Based Aid Allocation Task Force was to examine the formula by which congressional appropriations for the Federal Supplemental Educational Opportunity Grant (FSEOG), Federal Work-Study (FWS), and Perkins Loan programs are distributed to schools,…

This Statistics in Brief focuses on students who do not complete a postsecondary credential and the substantial federal education debt they accrue. Specifically, the analysis compares the cumulative debt from Stafford and Perkins loan programs of students who did not complete a degree within 6 years of first enrolling ("noncompleters")…

This brief report presents selected findings about student financial aid during the 2011-12 academic year. These findings are based on data from the 2011-12 National Postsecondary Student Aid Study (NPSAS:12), a nationally representative sample survey of undergraduate and graduate students enrolled any time between July 1, 2011, and June 30, 2012,…

As college costs have soared and the U.S. economy struggles to move out of the recession, more and more Americans have relied on federal student financial assistance programs to help them meet their postsecondary expenses. Data from the Federal Student Aid (FSA), an office of the U.S. Department of Education (ED), show that the number of students…

The United States is losing high-paying jobs to countries that produce a more reliable supply of college graduates in math and science. Texas faces its own economic slowdown if it is unable to graduate more students with bachelor's degrees. The state has been addressing many of the obstacles students face in earning a four-year degree. Outreach…