Many empirical studies have established that financial aid improves college attainment. Few have been able to test why. This study used administrative records of employment and earnings to get a more complete picture of students' finances during college and test one potential mechanism, that financial aid buys students time by allowing them to…

This 11th update of the Community College League of California's (CCLC) biennial Tenure and Retention Report includes late summer/early fall 2022 to July 31, 2024. This period witnessed perennial California CEO challenges: economic volatility, burdensome laws and regulations, dysfunctional boards of trustees, State legislative and policymaker…

The per-student data included in the State Higher Education Finance (SHEF) report provide useful information about revenues relative to the need to fund higher education and are important for examining the impact of funding differences on public institutions and students across states and over time. However, examining state support on a full-time…

In this follow-up to our 2021 report, we again focus on the world of charter schools run for profit, a world both hidden and misunderstood. We focus on how for-profit operators expanded their reach and enrollment during the Pandemic years so that one in every five charter school students attends a school controlled by a for-profit corporation. We…

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

Summary: In spite of a large literature on the causal effects of financial aid, the impact of funding on college outcomes remains an area of ongoing research with important unanswered questions. Studying the impact of financial aid presents the ongoing challenge of how to identify causal effects, as aid receipt is rarely random and at least partly…

Public schools receive funding from three different government sources: local, state, and federal. Local and state governments contribute the majority of funding to support public school systems, while the federal government provides a small fraction (only about 8% on average). Even with recent infusions of federal funding related to the COVID-19…

This study examines charter school funding equity in 18 cities using 2019-20 data, the most recent available. The study uses official school district and state budget documents to capture every dollar flowing to schools, including in-kind services. The study answers the following questions: (1) What is the difference in per-pupil revenue between…

Each year, school systems and lead agencies plan for how to improve student learning in the coming year. This process involves reviewing student achievement and progress data, establishing priorities, aligning budgets to these priorities, and implementing plans with support. Ensuring students receive the supports they deserve will require ongoing…

After being sued for inequity and inadequacy in school funding, many states in the US have reformed their education aid formulas but have still faced many criticisms. Using Connecticut as an example, this paper shows how to design a more equitable and adequate aid formula with tools to win broad support from communities and lawmakers. It develops…

This year marks the 20th year of National Access and Finance Survey (NAFS) studies of access and funding issues in public higher education. National Council of State Directors of Community Colleges (NCSDCC) members are surveyed because of their broad knowledge of access and finance issues across education sectors and state government as well. For…

Using an output distance function as an analytic framework, stochastic frontier analysis (SFA), and a generalized true random effects (GTRE) model, this study examines the financial context of bachelor's degree production efficiency among public master's colleges and universities (MCUs) in the United States. Employing a GTRE model, degree…

We use the natural experiment of a state lottery scholarship to measure the effect of generous financial aid on graduation rates at New Mexico's flagship public university. During the study period, the scholarship program paid full tuition for eight semesters for any state resident earning a 2.5 grade point average in their first semester at any…

The purpose of this report is to provide a baseline assessment of higher education funding in Virginia with a focus on education and general support (E&G), which accounts for approximately 54% of all funding for higher education -- about $5.3 billion in funds annually. It includes a general overview of funding for Virginia public higher…

In recent years a number of colleges and universities have explored alternative strategies for developing operating budgets. In part this exploration was driven by the desire for transparency among various constituent groups and the need to tie budgeting to campus strategic planning. With the advent of declining federal and state support, along…