Parents in the United States frequently supplement the student loans available to their children by cosigning on a loan, borrowing against their home equity, or with unsecured debt in their own names. This paper investigates whether some students are constrained from attending and completing college by their parents' lack of access to credit…

Background/Context: Public colleges and universities have sought to recruit and enroll more students from outside their home state in an effort to both enhance institutional prestige and generate additional revenue from the higher tuition rates than nonresident students generally pay. A body of research has shown that nonresident students tend to…

The price of a college education has consistently risen at a rate exceeding inflation. The price increases have strained students and their families paying for college. In addition, the manner in which colleges increase their prices can vary widely from year to year, making it difficult to plan for the increases in college expenses. In 2011, New…

We examine how the racial wealth gap interacts with financial aid in American higher education to generate a disparate impact on college access and outcomes. Retirement savings and home equity are excluded from the formula used to estimate the amount a family can afford to pay. All else equal, omitting those assets mechanically increases the…

Background: Nearly two decades have passed since the last successful reauthorization of the Higher Education Act. Since then, student loan debt and the accumulation patterns based on race have become a pressing issue to address in U.S. society. Purpose: Student debt is one of the key issues on the federal higher education policy agenda. The…

In 2013, the Washington Student Achievement Council (WSAC) proposed as the state goal that 70 percent of the state's 25- to 44-year-olds (i.e., early and mid-career residents) should have a credential beyond high school. WSAC's Strategic Action Plan (SAP) provides a framework to organize the policy and practice innovation needed to achieve this…

A collaboration between The Institute for College Access & Success (TICAS) and the Student Senate for California Community Colleges (SSCCC), this policy brief examines the costs of attending California Community Colleges (CCCs) for low-income students and the roles that financial aid resources, work hours, and student loan borrowing currently…

States are coordinating with two-year institutions on workforce programming for unemployed or underemployed residents. Reskilling residents is especially vital for states that endured historic unemployment rates as a result of COVID-19-related layoffs. Nationally, the federal Coronavirus Aid, Relief, and Economic Security Act (CARES) is making…

Pursuing a college degree--and the open future for young adults it is believed to secure--anchors what it means to be middle class in the United States today. Acting on the conviction that the rising generation can and should do better than their parents is a middle-class inheritance, and getting young adults to and through college is at the heart…

Cosmetology is one of the most widely and onerously regulated occupations for lower-income workers, yet little research has explored the experiences of aspiring beauty workers. This first-of-its-kind study takes advantage of federal educational data--including a large, and largely untapped, dataset on nondegree credentials and work experience…

We update Collier et al. (2021) by using the Survey of Consumer Finances (SCF) 2019 dataset to explore characteristics of enrollees in Income-Driven Repayment (IDR). SCF 2019 is more likely to include borrowers engaged in REPAYE. Findings support an ongoing need to encourage greater IDR participation for lowest-income borrowers and reinforced…

In August and September of 2021, the EdWeek Research Center surveyed nearly 1,500 high-achieving high school graduates from the Class of 2021 to assess the pandemic's impact on their high school experiences and post-high school plans. The nationally representative survey found that 2021 graduates saw heightened stress along with financial hardship…

When a college closes, it can derail the education of many students, leaving them with loans but no degree. Those who cannot complete their education may be eligible to have their federal student loans forgiven through a "closed school discharge" from the Department of Education (Education), but this process has changed in recent years.…

In October 2019, New England Board of Higher Education (NEBHE) called together a group of economists and higher education leaders for a meeting at the Federal Reserve Bank of Boston to discuss the future of higher education ("Preparing for Another Recession?"). No one suspected that just months later, a global pandemic would turn the…

In "Whatever It Is, I'm Against It," president emeritus of Macalester College Brian Rosenberg draws on decades of higher education experience to expose the entrenched structures, practices, and cultures that inhibit meaningful postsecondary reform, even as institutions face serious challenges to their financial and educational models. A…