This paper examines how colleges respond to the introduction of broad merit aid programs. Previous research has emphasized the impact of merit aid on enrollment, student choices, and post-matriculation outcomes. Yet much less is known about how state-implemented merit aid programs affect colleges' financial decisions. To explore impacts, college…

The rising cost of attending college creates a financial challenge for most students, many of whom must take out student loans to pursue their education goals. Whether or not they earn a degree, these students will leave school with the burden of managing student debt. How well they manage this complex process may shape their personal finances for…

As the cost of higher education has risen, partly due to the embrace of neoliberalism in higher education, students and families have faced a growing cost-sharing burden. Along with an increased demand for graduate education credentials, this trend has led to the growth of student loan debt in the United States. This narrative case study…

North Central State College provides a case study of how a small college can increase revenue by strategically realigning its existing staff resources for improving student retention and success, even in a period of stagnant enrollment. The college implemented a series of major reforms with the aim of improving student retention and completion on…

A strategy for allocating merit-based awards and need-based aid is critical to a university. Such a strategy, however, must address multiple, sometimes competing objectives. We introduce an approach that couples a gradient boosting classifier for predicting outcomes from an allocation strategy with a local search optimization algorithm, which…

The allocation of merit-based awards and need-based aid is important to both universities and students who wish to attend the universities. Current approaches tend to consider only institution-centric objectives (e.g. enrollment, revenue) and neglect student-centric objectives in their formulations of the problem. There is lack of consideration to…

This book provides a comprehensive description of the federal government's relationship with higher education and how that relationship became so expansive and indispensable over time. Drawing from constitutional law, social science research, federal policy documents, and original interviews with key policy insiders, the author explores the U.S.…

College affordability is a significant factor in student access, retention, and completion. Tuition and fee rates are a major component of affordability, as is the availability of financial aid programs from federal, state, institutional and private sources. Strategically designed approaches to college affordability can better assist families in…

This report focuses on the evaluation of 'Higher education grant system for less privileged students' in Portugal, a grant program for students (coming from families) with low income whose purpose is to respond to the real needs of students, ensuring equity in the allocation of social benefits and, as a consequence, promoting social action that…

This study explores the college choice process and experiences of California Latinx students applying to selective, four-year institutions. The literature review reveals existing disparities in outcomes for California Latinx students attending open-access institutions, highlighting the potential for private, selective colleges to increase…

The federal work-study program is one of the earliest forms of federal financial aid for higher education in the United States and has come under close scrutiny for its debatable impact on low-income students' college success and persistence. However, federal work-study surprisingly remains one of the least-studied financial aid programs. This has…

Background: In fall 2020, community colleges (CCs) served nearly five million students, representing 29% of U.S. undergraduates. Despite providing unprecedented access to postsecondary education, rates of degree attainment are low. Among first-time, full-time, degree/certificate-seeking students whose first postsecondary school is a CC, only 31%…

This qualitative study explores the perceptions of value added to the lives of graduates who borrowed money to fund their college educations. Through the lens of cognitive dissonance theory, five themes emerged. Overall, the study participants agreed that the ability to take on student loans to fund their education was worth it, but on the other…

This study assessed prospective first-generation college students' knowledge of federal student aid. The research team surveyed 752 prospective first-generation college students to assess what financial aid jargon terms were unfamiliar. Students often reported "FAFSA," "master promissory note," "entrance counseling,"…

The federal government currently provides more than $150 billion each year to students and their families in the form of grants, loans, work-study funds, and tax credits to help make college more affordable. This sizable public investment in higher education has indeed made college attendance possible for a larger share of Americans. However,…