In the 21st century, more students enroll in higher education and take federal loans to defer the cost of attendance resulting in average levels of borrowing steadily increasing. In the same timeframe, there is an increase in the number of students entering repayment for their federal loans and an increase in the proportion of individuals…

Latina students face numerous barriers within the financial aid application process that impact the success rates of their higher education attainment. The financial aid application process is initiated through the completion of the Free Application for Federal Student Aid (FAFSA). Unfortunately, the FAFSA, as it is currently written is not…

Background: Promise programs are place-based financial aid awards that seek to promote postsecondary attainment by covering all or nearly all college tuition costs. In 2015 Oregon became the second state in the country after Tennessee to implement a statewide promise program (Higher Education Coordinating Commission [HECC], 2020). Oregon Promise…

Effective veteran-student programs that include advising help to bridge military culture with campus culture. These programs assist with military-to-campus transitions and achieving veteran-student academic success. Persistent outreach is an advising strategy that includes proactive and intentional engagement that anticipates student concerns. The…

The Pell Grant is targeted to students with the greatest financial need, and many policymakers find the Pell Grant a useful policy lever for promoting access and success for students from lower- and moderate-income backgrounds. There are several examples where policymakers use Pell eligibility to allocate resources and hold colleges accountable…

Borrowing has become increasingly central to U.S. students' college financing choices. However, concerns about indebtedness may serve as a barrier to attaining a college degree for many students, particularly women and Black and Hispanic students. This study explores the determinants and heterogeneous impacts of debt aversion, or aversion to…

It has become increasingly difficult for the two major parties in Congress to reach agreement on major higher education legislation. As a result, the Higher Education Act is long overdue for reauthorization. Congressional stalemates on higher education legislation are not conducive to effective and productive governance in this important area of…

The unstable funding of higher education exacerbated by current damaging environmental contexts has created a need to rethink current approaches and opportunities regarding the financing of higher education. States and campuses must strategically leverage the current significant federal investments to meet their postsecondary objectives including…

Differences in funding mixtures across the United States create widely variant levels of unmet need for students. This research examines gaps of unmet need between 2003-4 and 2013-14, particularly considering the presence of any local funding provisions and Pell Grant funding changes. These findings are also considered across state, community…

This Data Point uses data from the High School Longitudinal Study of 2009 (HSLS:09). HSLS:09 is a national study of more than 23,000 students in ninth grade in 2009. Students answered surveys between 2009 and 2016. College transcripts were collected in 2017-18. This Data Point looks at the connection between views of college affordability in high…

We cannot continue to ask students -- and their families -- to make one of the largest and most important investments of their lives without clearer information about what their time and money will yield. Fortunately, support is broad across the country and across the political spectrum for a federal student-level data network (SLDN), which would…

After decades of frustration with increasingly complex college financial aid policies, a nationwide shift toward "free college" programs has gained momentum. New York State joined the free college movement in 2017, when Governor Andrew Cuomo announced his goal to make public higher education tuition-free for most students during his…

The federal government now offers a multitude of complicated income-driven repayment (IDR) plans that are difficult to understand, enroll in, and stay in. Many students who would benefit from IDR do not enroll, and others will have large amounts of debt forgiven despite earning high wages. The current problems with IDR are not an indictment of the…

The Department of Education disbursed nearly $112 billion in financial aid to students through various grant and loan programs in fiscal year 2021. Colleges generally provide students information about the aid for which they are eligible in financial aid offers. Students use these offers to make key decisions, including which college to attend and…

In the summer of 2022, New America managed focus groups with almost 50 borrowers from across the country who reported holding federal student debt and defaulting on their loans before the COVID-19 pandemic. Focus group participants felt hopeless about their student loans, and they had good reason to feel this way. They entered the default system,…