Student Aid

The Student Debt Dilemma: Debt Aversion As A Barrier To College Access

Pamela Burdman
2005

Though the rise in college student debt often has been blamed on rising tuition, a radical shift in student financial aid--from a system relying primarily on need-based grants to one dominated by loans--has been equally important. Numerous reports have highlighted the burdens faced by students who borrow large sums, but less is known about students who are averse to borrowing. For these students, the increasing prominence of loans could actually narrow their options and decrease their chances of attending and completing college. Given the increasingly important role of student loans...

California And The SAT: A Reanalysis Of University Of California Admissions Data

Rebecca Zwick
Terran Brown
Jeffrey C. Sklar
2004

As part of the University of California's recent reconsideration of the role of the SAT in admissions, the UC Office of the President published an extensive report, UC and the SAT (2001), which examined the value of SAT I Reasoning Test scores, SAT II Subject Test scores, and high school grades in predicting the grade-point averages of UC freshmen (UCGPA), as well as the role of economic factors in predicting UCGPA. The analyses in UC and the SAT were based primarily on data that had been aggregated across freshmen cohorts (1996 through 1999) and across UC campuses. In the current...

Straight Talk on Student Loans, by Robert Shireman

Robert Shireman
2004

The federal government provides student loans for college and graduate school in two ways: by guaranteeing bank loans, and by lending directly to students. In the guaranteed loan program, banks lend students money and profit from the interest payments while the government guarantees the loans against default and makes subsidy payments to the banks. In the direct loan system, the government provides low-interest loans directly to students, using borrower interest payments to help cover the costs of the program. There have been numerous audits and investigations of both the direct and...

College Affordability and the Emergence of Progressive Tuition Models: Are New Financial Aid Policies at Major Public Universities Working? by Patrick A. Lapid and John Aubrey Douglass

Patrick A. Lapid
John Aubrey Douglass
2016

In an era of significant disinvestment in public higher education by state governments, many public universities are moving toward a “progressive tuition model” that attempts to invest approximately one-third of tuition income into institutional financial aid for lower-income and middle-class students. The objective is to mitigate the cost of tuition and keep college affordable. But is this model as currently formulated working? What levels of financial stress are students of all income groups experiencing? And are they changing their behaviors? Utilizing data...

The Effect of Selective Public Research University Enrollment: Evidence from California, by Zachary Bleemer

Zachary Bleemer
2018
What are the benefits and costs of attending a selective public research university instead of a less-selective university or college? This study examines the 2001-2011 Eligibility in the Local Context (ELC) program, which guaranteed University of California admission to students in the top four percent of California high school classes. Employing a regression discontinuity design, I estimate that ELC pulled 8 percent of marginally-admitted students into four "Absorbing'' UC campuses from less-competitive public institutions in California. Those ELC compliers had lower SAT scores and family...

Yes, but can they earn a living? Methods for creating an effective system of Measuring Labor Market Outcomes in Higher Education, by Richard W. Moore, Kenneth Chapman, Bettina Huber, and Mark Shors

Richard W. Moore
Kenneth Chapman
Bettina Huber
Mark Shors
2013

A new federal initiative calls for a College Scorecard which will include a yet to be determined measure of graduate earnings. In this paper we examine the political context that drives this initiative and examine the nascent efforts of four states to develop statewide systems to measure the labor market outcomes of higher education. We propose five principles to support a system that would generate valid labor market measures that could cut across all segments of higher education in California, and disaggregate down to campuses, departments and programs. We present results from a...

WHAT FUTURE FOR UK HIGHER EDUCATION?

Roger Brown
2010

Historically, the UK system has been one of the most successful in combining excellence with access. However the favorable conditions that British universities and colleges have enjoyed in recent years, associated in large part with the introduction of higher tuition fees in 2006, are coming to an end. British universities and colleges face a future of static or even falling local demand, increasing local and international competition, severe public and private expenditure constraints, increased regulation, and greater difficulties in aligning costs with income. In the first instance...

England's New Market Based System of Student Education: An Initial Report, by Roger Brown

Roger Brown
2013

In 2012 the Conservative-Liberal Democrat Government introduced a number of reforms to the higher education system in England. The main change was to abolish direct state subsidies for the teaching of most subjects, and replace them with a state-subsidised tuition fee of up to $9,000 (US $13,700). A number of other changes were also made, all with the aim of increasing institutional competition and consumer choice. The Government believes the reforms are necessary to assure financial sustainability, raise quality and enhance social mobility. This paper assesses the early impact of...

Biden’s victory means a reboot of US higher education policy

John Aubrey Douglass
Richard Edelstein
2020

Joe Biden’s election as the next president of the United States will fundamentally alter the destructive higher education policies pursued over the past four years under Donald Trump.

The Trump administration pursued increasingly restrictive visa policies, dampening the ability and interest of international talent to come to American universities, repeatedly proposed large-scale cuts in student financial aid as well as funding for science, invoked anti-immigrant policies that affected students, and reduced restrictions on largely predatory for-profit tertiary...

Affording the Dream: Student Debt and State Need-Based Grant Aid for Public University Students by C. Eaton, S. Kulkarni, R. Birgeneau, H. Brady, and M. Hout

C. Eaton
S. Kulkarni
Robert Birgeneau
Henry Brady
Michael Hout
2017

Public research universities are a key vehicle for educational mobility. Yet rising student debt for undergraduate students has created new risks, particularly for lower income students at lower ranked universities. We find that student loan default rates reached 35 percent for low-income students at public universities with low research rankings during the Great Recession. Given these troubling loan default rates, we find encouraging evidence that a few U.S. states have adopted robust need-based grant aid programs to make college more affordable for low-income students. Such grant...