The author reports on how Arizona State University (ASU) pursues transformation on a grand scale while embracing inclusiveness. Michael Crow, Arizona State University's president and idea man, is pushing the institution to innovate and still fulfill its mission to be inclusive. By itself, Arizona State University's transformation over the past…

We propose a simple theoretical model which shows how the combined effect of wage uncertainty and risk aversion can modify the individual willingness to pay for a HE system financed by an ICL or a ML. We calibrate our model using real data from the 1970 British Cohort Survey together with the features of the English HE financing system. We allow…

The question of how states can best use financial policy to achieve their goals is very important for many higher education stakeholders. In this study, the authors use panel data for all 50 states over a 20-year period to examine how state appropriations, need-based grants, and merit-based grants affect student enrollment in college and whether…

Student Debt and the Class of 2012 is the eighth annual report on the cumulative student loan debt of recent graduates from four-year colleges. The authors' analysis finds that the debt levels of students who graduate with loans continue to rise, with considerable variation among states as well as among colleges. Seven in 10 college seniors who…

Aid Like A Paycheck is based on a simple idea that is gaining national attention: after tuition and fees have been paid to a college, disburse the remaining financial aid to students evenly throughout the term--like a paycheck. The goals of the program are to help students achieve a good balance between time in work and school, and think about…

Successful institutions focus on the needs of their students and strive to improve the quality of the educational experience. Student satisfaction assessments are one of the preeminent ways to measure how effectively institutions are meeting the expectations of students. Private, selective institutions (PSIs) have rarely been studied in terms of…

The Federal Pell Grant Program was created to improve the access of low-income students to postsecondary education. Grant recipients enroll at a variety of educational institutions, including four-year colleges and universities, for-profit schools, two-year community colleges, and institutions that specialize in occupational training. Grants are…

Student loans are a crucial aspect of financing a college education for millions of Americans, yet we have surprisingly little empirical evidence concerning individuals' unwillingness to borrow money for educational purposes. This study provides the first large-scale quantitative evidence of levels of loan aversion in the United States. Using…

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…

Homeless youth and youth in foster care are often unprepared for the transition to adulthood. Given the economic benefits of college, the Government Accountability Office (GAO) was asked to examine the college experiences of these vulnerable youth. GAO examined: (1) college enrollment and completion for foster and homeless youth; (2) the extent to…

More New Yorkers than ever are enrolling in universities and community colleges, driven by seismic changes in the economy that have made postsecondary credentials nearly indispensable for today's workforce. On college campuses across the state, the makeup of the student body has changed. College is no longer just for "traditional"…

Each year, millions of college students borrow money to help bridge the gap between college costs and available income, savings, and grants. Experts all agree that, for those who need to borrow to pay for college, federal student loans are the safest and most affordable option. Unfortunately, some colleges choose not to participate in the federal…

For many low-income and disadvantaged students formerly in foster care, community colleges are the main post-secondary educational pathway to socioeconomic opportunities. However, students formerly in foster care face many barriers in accessing college as well as actually succeeding in achieving a college degree. Although considerable efforts have…

Private higher education institutions are those entities owned and operated by the private sector, while public institutions are those established, supported, and controlled by a governmental agency, most often a state. Key differences exist between private and public institutions that affect budgeting in critical ways. Such differences include…

In the context of the recent efforts to arrive at a federal budget, articles abound in the popular media and trade publications debating both the value of Pell Grants and their rising cost to the U.S. government. Both pros and cons of the debate hold value. Pell Grants are what enable many low-income families to send their children to college and,…