Since both colleges and students have very different resources and starting points, good policy should strengthen the ability of campuses and students to succeed and not punish them for taking important chances despite limited resources and greater challenges. Policymakers are interested in using student loan repayment rates as an accountability…

The U.S. Department of Agriculture (USDA) and the Department of Education have taken some steps to connect college students with Supplemental Nutrition Assistance Program (SNAP) benefits to help them pay for food, but gaps in planning and execution remain. Effective July 2024, a new law gave Education authority to share students' Free Application…

College enrollment has increased over the years but so has the cost. The total cost of attending college -- including tuition, room and board, necessary books and supplies, and more -- would be prohibitive for most students if not for financial aid. Yet, many students still cite financial barriers as the top reason for opting out of college.…

Federal student aid formulas prioritize income over wealth. Using nationally representative data from two cohorts, we argue that federal student aid policy thus under-addresses wealth-driven financial need and that this oversight contributes to racial disparities in student debt, in turn reinforcing the United States's longstanding racial wealth…

Congress has provided authority to the U.S. Department of Defense (DOD) to fund off-duty voluntary education for Active and Reserve Component servicemembers. Congress and DOD have conceived of tuition assistance (TA) as a quality-of-life benefit, force-shaping tool, and a mechanism for developing human capital in the Armed Forces. The TA program,…

Paying for college is often a family affair, with both parents and students contributing. We study the effects of college on family finances using administrative data on the universe of federal aid applicants in California linked to credit records. We provide the first comprehensive analysis of how both students and their parents use debt with…

While the popularity of state-financed merit-based scholarships has increased since the 1980s, policymakers struggle to maintain these programs because of growing costs. Some have tried to manage this tradeoff through eligibility changes or award amounts; however, little empirical research exists on the effectiveness of these changes. We add to…

The Post-9/11 GI Bill allows service members to transfer generous education benefits to a dependent. We run a large-scale experiment that encourages service members to consider the transfer option among a population that includes individuals for whom the transfer benefits are clear and individuals for whom the net-benefits are significantly more…

Public universities are intent on increasing degree completion for many reasons. A stronger policy focus on completion and interest in removing students' financial hurdles has led to a rapid proliferation of completion grant programs. This paper reports on a mixed-method implementation study of completion grant programs at seven broad- and…

This paper presents an exploratory analysis of the funding mechanisms for higher education across sixteen countries which builds upon existing work on educational institutions, educational outcomes, and welfare regimes. We focus upon the current financing dilemma within the Irish higher education system, seeking potential solutions within an…

California has traditionally kept college affordable with a combination of low tuition--particularly at its community colleges-- and generous financial aid. However, in an era of constrained resources, revenue volatility, and increasing economic inequality, a resilient, effective, and efficient financial aid system is increasingly important. The…

This document provides information on who is eligible for undergraduate, postgraduate and further education financial support from Student Finance England. It is designed to assist with the interpretation of The Education (Student Support) Regulations 2011 (as amended) (the Regulations) and is for Student Finance England students only.

Financial aid programs enable students from families with fewer financial resources to pay less to attend college than other students from families with greater financial resources. When income is uncertain, a means-tested financial aid formula that requires more of an Expected Family Contribution (EFC) when income and assets are high and less of…

The Free Application for Federal Student Aid (FAFSA) unlocks access to federal financial aid programs and anywhere from 17 million to 21 million postsecondary students complete the FAFSA annually. A significant portion of these students cannot receive their aid without completing an additional, lengthy audit-like process called verification to…

The Western Interstate Commission for Higher Education (WICHE) annual survey of tuition and fees collects the resident and nonresident tuition and fees at public two- and four-year institutions in the WICHE region for undergraduate and graduate students. WICHE administered the most recent survey to state higher education executive offices, system…