STUDENT DEBT MYTHS AND FACTS Second Edition
|
|
- Tracy Rice
- 8 years ago
- Views:
Transcription
1 STUDENT DEBT MYTHS AND FACTS Second Edition April 2014 The Issue Student loan debt is now approximately $1 trillion, and the delinquency rate for student loans has increased to 10 percent. Critics are concerned that student loans may be the next financial bubble to burst and that borrowing for higher education is not worth the financial risks, especially for students who attend private institutions. What is the truth? This presentation examines a number of myths about higher education student finance and sets the facts straight.
2 MYTH Many students owe more than $100,000 when they graduate. FACT In 2012, only 4% of all borrowers owed $100,000 or more in student debt. The average debt level of bachelor s degree recipients at independent colleges and universities is $19,500 less than the price of a modest automobile. Average Total Student Loan Debt per Bachelor's Degree Recipient $25,000 $20,000 $19,000 $18,200 $18,000 $19,200 $20,000 $19,500 $15,000 $11,900 $11,900 $11,700 $13,000 $13,900 $14,300 $10,000 $5,000 $ Public 4 Year Independent 4 Year Source: The College Board, Trends in Student Aid 2013.Note: All totals are expressed in 2012 dollars.
3 MYTH High levels of student debt make independent colleges unaffordable. FACT One quarter of students who graduated with a bachelor s degree from a four year independent college or university did not have any educational debt. For those who borrowed, the difference between the median debt levels for graduates of public versus independent institutions is only $4,375. Distribution of Total Undergraduate Debt No Debt 26% 37% Less than $10,000 6% 9% 13% $10,000 to $19,999 11% 13% Median Debt of BA Recipients Who Borrowed: $20,000 to $29,999 16% 19% Public 4 Year: $22,625 Independent 4 Year: $27,000 For Profit 4 Year: $33,900 $30,000 to $39,999 9% 13% 16% $40,000 or more 35% 0% 5% 15% 25% 30% 35% 40% Public 4 Year Independent 4 Year For Profit 4 Year Source: U.S. Department of Education, National Center for Education Statistics. National Postsecondary Student Aid Study, (NPSAS:12). Analysis by the Council of Independent Colleges.
4 MYTH Only wealthy families can afford to send their children to independent colleges. FACT Independent colleges enroll students of all financial backgrounds, and at about the same percentages as public institutions for lowand middle income students. Student Enrollment by Family Income Less than $25,000 15% 16% 22% $25,000 $44,999 $45,000 64,999 $65,000 84,999 $85, ,999 17% 15% 11% 11% 13% 13% 13% Public Nondoctoral Public Doctoral Private Nondoctoral Private Doctoral $105,000 or more 23% 32% 32% 35% 0% 30% 40% Source: U.S. Department of Education, National Center for Education Statistics. National Postsecondary Student Aid Study, (NPSAS:12). Analysis by the Council of Independent Colleges.
5 MYTH It is very difficult to receive financial aid at independent colleges. FACT A larger proportion of students at independent colleges receive financial aid than do students at public institutions. Students enrolled at independent colleges are twice as likely to receive grants from their institutions as students enrolled at public institutions, and more than three times as likely as students at for profit institutions. Percent of Undergraduates Receiving Financial Aid 100% 90% 80% 83% 89% 90% 80% 73% 83% 70% 64% 60% 50% 51% 40% 40% 39% 35% 30% 24% 0% Any Financial Aid Institutional Grants Federal Grants Student Loans Public 4 Year Independent 4 Year For Profit 4 Year Source: U.S. Department of Education, National Center for Education Statistics, Digest of Education Statistics Note: Percentages for first time, full time undergraduates during academic year Any Financial Aid category includes state and local grants.
6 MYTH Students at public institutions get more financial aid than students at independent colleges and universities. FACT Students at independent colleges receive three times the amount of institutional aid as do students at public institutions, and five times as much as students at for profit institutions. Independent colleges give students nearly six times as much institutional grant aid as does the federal government. $35,000 Average Amount of Financial Aid $31,273 $30,000 $25,000 $20,000 $19,785 $19,515 $15,000 $14,826 $10,000 $5,000 $4,765 $5,134 $2,872 $5,248 $4,875 $8,733 $7,529 $6,310 $0 Total Financial Aid Institutional Grants Federal Grants Student Loans Public 4 Year Independent 4 Year For Profit 4 Year Source: U.S. Department of Education, National Center for Education Statistics, Digest of Education Statistics Note: Percentages for first time, full time undergraduates in aid programs during academic year Total Financial Aid category includes state and local grants. Analysis by the Council of Independent Colleges.
7 In fact, $30.0 Independent Colleges Give Students Nearly Six Times as Much Institutional Grant Aid as Does the Federal Government $27.9 $25.0 Grant Aid in Billions $20.0 $15.0 $10.0 $10.1 $16.2 $5.0 $0.0 $4.7 $1.9 $2.6 $1.3 $1.4 $ Academic Year State Federal Institutional Source: U.S. Department of Education, National Center for Education Statistics, Integrated Postsecondary Education Data System, finance component, various years. Note: Data represents grant aid awarded to students at Title IV, degree granting, U.S. private nonprofit, fouryear institutions. Analysis by the National Association of Independent Colleges and Universities, Private Colleges: FactFile.
8 MYTH All students enrolled at independent colleges pay the same high tuition (irrespective of family income). FACT On average, the actual amount students pay at private colleges is less than 60 percent of the total cost of tuition, fees, room and board. Students with lower family incomes pay a much lower percentage of the total costs. Average Net Price as a Percentage of Total Costs by Family Income 100% 96% 95% 90% 80% 83% 80% 83% 75% 90% 88% 91% 70% 68% 68% 60% 50% 58% 51% 58% 47% 48% 55% 61% 40% 30% 0% All income levels $0 30,000 $30,001 48,000 $48,001 75,000 $75, ,000 $110,001 or more Public 4 Year Independent 4 Year For Profit 4 Year Source: U.S. Department of Education, National Center for Education Statistics, Student Financial Aid, Academic Year : First Look (Provisional Data). Analysis by the Council of Independent Colleges. Note: Total costs include tuition, fees, and room and board on campus for first time, full time undergraduates.
9 Other factors to consider: Over the past decade, tuition and fees at public institutions have increased twice as fast as at independent institutions; The graduation rates at independent colleges are much higher than those at public and for profit institutions, even for lowincome students; Students at independent colleges graduate much sooner (about ten months earlier) than do their peers at public institutions and 48 months earlier than students at for profit institutions which means fewer years of paying tuition and a quicker start at earning a salary; and Graduates of independent colleges are far less likely to default on their student loans. Inflation Adjusted Published Tuition and Fees from to Inflation Adjusted Published Tuition and Fees Relative to Public 4 Year Public 2 Year Independent 4 Year 0 Source: The College Board, Trends in College Pricing 2013, Figure 5, page 14. Note: Values for published tuition and fees by sector, adjusted for inflation, as a percentage of published prices.
10 Four Year, Five Year, and Six Year Graduation Rates by Institutional Type 70% 62% 65% 60% 57% 50% 52% 51% 40% 32% 36% 40% 42% 30% 0% Four year Five year Six year Public 4 Year Independent 4 Year For Profit 4 Year Source: U.S. Department of Education, National Center for Education Statistics, Digest of Education Statistics Note: Percentages are for entering cohort of % Four Year, Five Year, and Six Year Graduation Rates of Pell Eligible Students by Institutional Type 70% 68% 60% 59% 61% 50% 40% 44% 47% 30% 24% 18% 0% Four year Five year Six year Public 4 Year Independent 4 Year For Profit 4 Year* * Four year and five year graduation rates for for profit 4 year institutions are not available. Source: U.S. Department of Education, National Center for Education Statistics, Beginning Postsecondary Students (BPS 04/09). Analysis by the Council of Independent Colleges. Note: A "Pell eligible student" is defined as any student who had accumulated Pell grants greater than zero by Graduation rates are calculated based on students who stayed at their first institutions from 2004 through 2009.
11 Time to Degree by Institutional Type 70% 65% 60% 50% 59% Median Time to Degree Public 4 year: 55 months Independent 4 year: 45 months For Profit 4 year: 103 months 40% 38% 30% 28% 18% 15% 9% 8% 5% 22% 21% 0% 48 months or less months months 73 months or more Public 4 Year Independent 4 Year For Profit 4 Year Source: U.S. Department of Education, National Center for Education Statistics, Baccalaureate and Beyond Longitudinal Study (B&B:08/09): First Look. Note: Percentages are for first time bachelor s degree recipients; time to degree is calculated by number of months from enrollment in postsecondary education to degree attainment for first time bachelor's degree recipients. Federal Student Loan Default Rates by Sector 16% 12.9% 13.6% 9.6% 8% 6% 8.3% 5.2% 5.2% Independent Public For Profit 4% 2% 0% FY2010 FY2011 Source: U.S. Department of Education, Default Rates Continue to Rise for Federal Student Loans, September 30, Note: Percentages represent two year cohort default rates (CDR).
12 For additional information about these facts and others that describe the quality and affordability of independent colleges, please see: For questions, please contact: Laura Wilcox, Vice President for Communications (202)
College: A Necessity Priced as a Luxury
College: A Necessity Priced as a Luxury Six Facts on College and the Middle Class May 2014 A Middle Class Job Does Not Get a Middle Class Life v Today, a middle class job increasingly does not support
More informationStudent Aid Policy Analysis Debt at Graduation
Aid Policy Analysis Debt at Graduation www.edvisors.com/student aid policy/debt at graduation/ Mark Kantrowitz Senior Vice President and Publisher January 7, 2014 Edvisors Network Inc., 10000 W. Charlesn
More informationFor-profit colleges are a growing sector
Percent of Institutions For-profit colleges are a growing sector Number of Institutions, by Sector, 2-1 to 29-21 1% 8% 6% 4% 2% 3% 32% 38% Private, Nonprofit Public For-profit 27% 3% 44% % Note:Percentages
More informationWho Graduates with Excessive Student Loan Debt?
Student Aid Policy Analysis Papers Who Graduates with Excessive Student Loan Debt? www.studentaidpolicy.com/excessive debt/ Mark Kantrowitz President MK Consulting, Inc. December 14, 2015 Executive Summary
More informationFor-profit colleges are a growing sector
For-profit colleges are a growing sector Note: Percentages may not add to 100% due to rounding. Source: IPEDS First Look Table 1 -Number and percentage distribution of Title IV institutions, bycontrol
More informationThe Price of a Science PhD: Variations in Student Debt Levels Across Disciplines and Race/Ethnicity
Center for Education & Innovation at American Institutes for Research Broadening Participation in Graduate Education Issue Brief May 2013 Kristina L. Zeiser Rita J. Kirshstein Courtney Tanenbaum The Price
More informationTrends in Community College Education: Enrollment, Prices, Student Aid, and Debt Levels
Trends in Community College Education: Enrollment, Prices, Student Aid, and Debt Levels By Sandy Baum, Kathie Little, and Kathleen Payea Community colleges serve as the access point to higher education
More informationAnalysis Brief. Trends in Public Higher Education: Enrollment, Prices, Student Aid, Revenues, and Expenditures
Analysis Brief Trends in Higher Education Series Trends in Public Higher Education: Enrollment, Prices, Student Aid, Revenues, and Expenditures Sandy Baum Senior Fellow, George Washington University Graduate
More informationThe Student Debt Review
New America Education Policy Program February 2014 Policy Brief The Student Debt Review Analyzing the State of Undergraduate Student Borrowing Ben Miller 2 The Student Debt Review About the Author Ben
More informationCollege Scorecard data demonstrates that UC is a good investment not only for students and families, but the federal government and the state
The University of California (UC) supports efforts to promote transparency as demonstrated through its annual production of the Accountability Report, a detailed report highlighting key metrics on all
More informationFederal Student Loans Maintaining Access and Preventing Default
Federal Student Loans Maintaining Access and Preventing Default Student Loan Cohort Default Rates What is a Cohort Default Rate (CDR)? A cohort is a group of school borrowers who entered repayment on certain
More informationAt What Cost? The Price That Working Students Pay For A College Education. April 2002. By Tracey King and Ellynne Bannon
At What Cost? The Price That Working Students Pay For A College Education April 2002 By Tracey King and Ellynne Bannon Special thanks to Alison Cassady, Ivan Frishberg, and Liz Hitchcock. The State PIRGs
More informationFederal Student Loan Debt: 1993 to 2004
Issue Brief June 2005 Federal Student Loan Debt: 1993 to 2004 University officials, lenders, and policy makers typically monitor annual federal student loan volume (the number of loans made and the total
More informationCommunity College Students and Federal Student Financial Aid: A Primer
Community College Students and Federal Student Financial Aid: A Primer Jolanta Juszkiewicz April 2014 American Association of Community Colleges Washington, DC PREFERRED CITATION Juszkiewicz, J. (2014,
More informationCharacteristics of College Students Who Graduate with No Debt
Student Aid Policy Analysis Characteristics of College Students Who Graduate EXECUTIVE SUMMARY Mark Kantrowitz Publisher of Fastweb.com and FinAid.org August 24, 2011 About two fifths of undergraduate
More informationWhich Path? A Roadmap to a Student s Best College. National College Access Network National Conference Mary Nguyen Barry September 16, 2014
Which Path? A Roadmap to a Student s Best College National College Access Network National Conference Mary Nguyen Barry September 16, 2014 THE EDUCATION TRUST WHO WE ARE The Education Trust works for the
More informationThe Burden of Borrowing
The Burden of Borrowing A report on the rising rates of student loan debt The Burden of Borrowing: A Report on the Rising Rates of Student Loan Debt March 2002 By Tracey King and Ellynne Bannon Special
More informationLAO 70 YEARS OF SERVICE
March 28, 2014 Private Colleges and Universities in California L E G I S L A T I V E A N A L Y S T S O F F I C E Presented to: Assembly Select Committee on Higher Education in San Diego County Hon. Shirley
More informationLeaving Money on the Table
Student Aid Policy Analysis Leaving Money on the Table www.edvisors.com/ask/student aid policy/leaving money on the table/ Mark Kantrowitz Senior Vice President and Publisher January 12, 2015 Edvisors
More informationDefault Rates by Institution Level vs. Degree Program
Student Aid Policy Analysis Default Rates by vs. Mark Kantrowitz Publisher of FinAid.org and FastWeb.com July 15, 2010 EXECUTIVE SUMMARY The US Department of Education should consider publishing cohort
More informationDepartment of Legislative Services Maryland General Assembly 2014 Session FISCAL AND POLICY NOTE. Income Tax Credit - Student Loan Payments
Department of Legislative Services Maryland General Assembly 2014 Session SB 632 FISCAL AND POLICY NOTE Senate Bill 632 Budget and Taxation (Senator Madaleno, et al.) Income Tax Credit - Student Loan Payments
More informationCost of higher education: A student affairs perspective. Dr. Javaune Adams-Gaston Vice-President for Student Life The Ohio State University
Cost of higher education: A student affairs perspective Dr. Javaune Adams-Gaston Vice-President for Student Life The Ohio State University Introduction Roadmap Cost Benefits Student debt Impact of debt
More information2014 Release of Federal Student Aid Data https://studentaid.ed.gov/data center
2014 Release of Federal Student Aid Data https://studentaid.ed.gov/data center For additional commentary on these data, see: The Huffington Post, 8/11/14 The Chronicle of Higher Education, 8/14/14 PRESENTED
More informationStudent Loan Market Trends Is College Worth It. Presenter: Kelly Savoie, Director Business Development April 2016
Student Loan Market Trends Is College Worth It Presenter: Kelly Savoie, Director Business Development April 2016 Agenda This presentation is an overview of trends in the industry and the value of a college
More informationa topic for a future issue brief, please Minnesota is heading into challenging territory. In the decades
RESEARCH BRIEF September 2011 Minnesota Educational Needs and Higher Education Finance Policy This is one in a series of research-based briefs prepared by the Minnesota Private College Council for members
More informationStudent Debt: Thinking Fast and Slow. A Presentation at the NAICUSE Summer Workshop July 30, 2012
Student Debt: Thinking Fast and Slow A Presentation at the NAICUSE Summer Workshop July 30, 2012 Student Debt: One Side The Student Loan Bubble; Only Stupid People Will Be Surprised When It Bursts, Abovethelaw.com,
More informationFast Facts on Education in America UPDATED FEBRUARY 2014
Fast Facts on Education in America UPDATED FEBRUARY 2014 The climate of postsecondary education in America has changed dramatically since Scholarship America s inception more than 55 years ago. Access
More informationTestimony of Debbie Cochrane, Research Director The Institute for College Access & Success
Testimony of Debbie Cochrane, Research Director The Institute for College Access & Success As Prepared for Delivery California Assembly Higher Education Committee Oversight Hearing Affordability as a Barrier
More informationCommunity Development Research Brief. Student Debt and Default in the 12 th District
Community Development Research Brief Student Debt and Default in the 12 th District Federal Reserve Bank of San Francisco Laura Choi December 2011 1 INTRODUCTION Postsecondary educational expenses and
More informationThe Texas Story on. Higher Education
SESSION MISSION: The Texas Story on Student t Aid and Higher Education Jeff Webster, Carla Fletcher, Chris Fernandez, Kasey Klepfer Tweet with the hashtag #tgconf Part 1: Part 1: Demographics, College
More informationRe: Higher Education Provisions in the Tax Reform Act of 2014 Discussion Draft
The Honorable Dave Camp Chairman Ways and Means Committee United States House of Representatives 1106 Longworth House Office Building Washington, DC 20515 Re: Higher Education Provisions in the Tax Reform
More informationBorrowers Who Drop Out
A Neglected Aspect of the College Student Loan Trend By Lawrence Gladieux and Laura Perna May 2005 The National Center for Public Policy and Higher Education National Center Report #05-2 2005 by The National
More informationSuggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: Texas. Philadelphia, PA: Institute for
TEXAS Suggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: Texas. Philadelphia, PA: Institute for Research on Higher Education, Graduate School of Education,
More informationASSOCIATION OF CATHOLIC COLLEGES AND UNIVERSITIES. Bachelor s Degree Attainment: Catholic Colleges and Universities Lead the Way
ASSOCIATION OF CATHOLIC COLLEGES AND UNIVERSITIES Bachelor s Degree tainment: Catholic Colleges and Universities Lead the Way ASSOCIATION OF CATHOLIC COLLEGES AND UNIVERSITIES Bachelor s Degree tainment:
More informationWisconsin's Great Cost Shift
Dēmos Wisconsin's Great Cost Shift HOW HIGHER EDUCATION CUTS UNDERMINE THE STATE'S FUTURE MIDDLE CLASS I n today s economy, a college education is essential for getting a good job and entering the middle
More informationStudent Loans Know Your Options
Student Loans Know Your Options Sam Hewitt Director, Political & Grassroots Advocacy, GRPP Samuel J. Hewitt Sam Hewitt is the director of political and grassroots advocacy at the American Speech-Language-Hearing
More informationA Strategy to Ensure College Affordability for Low and Middle Income Families
A Strategy to Ensure College Affordability for Low and Middle Income Families Personal & Political Responsibility Revisited Michael Dannenberg Director of Strategic Initiatives for Policy Education Reform
More informationYour Financial Aid Journey. Investing in Your Future 5 Steps to Prepare for College College Financing Options Financial Aid Terms
Your Financial Aid Journey Investing in Your Future 5 Steps to Prepare for College College Financing Options Financial Aid Terms Investing in your future Higher earnings College graduates earn more money
More informationSecuring America s Future: The Power of LiberAL Arts Education. DID you know? www.liberalartspower.org @SmartColleges #LiberalArts
Securing America s Future: The Power of LiberAL Arts Education DID you know? www.liberalartspower.org @SmartColleges #LiberalArts A Call to Action A liberal arts education makes a difference for those
More informationTrends in Higher Education Finance Enrollment Patterns, Student Financial Aid, Net Price, and Completions
EDUCATION RESEARCH & DATA CENTER www.erdc.wa.gov ERDC Report 2014-07 June 2014 Trends in Higher Education Finance Enrollment Patterns, Student Financial Aid, Net Price, and Completions This study focuses
More informationThe Institute for Behavioral and Household Finance. White Paper Series. Student Loan Debt and College Costs *
The Institute for Behavioral and Household Finance White Paper Series Student Loan Debt and College Costs * Jie Cao and Di Hu Cornell University White Paper No. 4-2015 September 2015 The Institute for
More informationFactsheet Higher Education Affordability Act
Factsheet Higher Education Affordability Act Title I General Provisions 90/10 Rule - Changes the 90/10 rule to 85/15 for proprietary institutions, requiring proprietary institutions to derive more than
More informationNew Report on Student-Loan Data Finds Debt Loads Burdensome for Many Graduates
http://chronicle.com/daily/2002/03/2002030804n.htm (FULL TEXT OF REPORT BEGINS ON PAGE 5) Friday, March 8, 2002 New Report on Student-Loan Data Finds Debt Loads Burdensome for Many Graduates By ALEX P.
More informationOut-of-pocket net price $9,400 $9,400 $9,600 $9,900 $10,100 $10,500 $10,800 $11,800. Type of institution. Private nonprofit
DATA POINT U.S. DEPARTMENT OF EDUCATION APRIL 2014 NCES 2014-902 Out-of-Pocket Net Price for College What is the out-of-pocket net price students must pay for college and how has it changed over time?
More informationwww.collegeboard.com The College Board: Connecting Students to College Success
The Washington Office of the College Board conducts research relevant to public policy issues in education. The office is located at 1233 20th Street NW, Suite 600, Washington, DC 20036-2375. Phone: 202
More informationThe Impact of Loan Repayment Rates on Minority Students
Student Aid Policy Analysis The Impact of Loan Repayment Rates on Minority Students Mark Kantrowitz Publisher of Fastweb.com and FinAid.org September 27, 2010 There is a very strong correlation between
More informationDistribution of Debt at Graduation by Amount of Debt, College Type and Degree Program
Student Aid Policy Analysis Distribution of Debt at Graduation by Amount of Debt, College Type and Program Mark Kantrowitz Publisher of Fastweb.com and FinAid.org September 29, 2010 This paper explores
More informationHow To Determine The Cost Of College At The Universtarca
Benchmarks: Measures of College Affordability and Student Aid in North Carolina May 2006 An Update to the Study Published December 2004 The State Education Assistance Authority is pleased to make available
More informationTuition Trends at Minnesota s Private Nonprofit Colleges and Universities. Minnesota Private College Research Foundation May 2010
Tuition Trends at Minnesota s Private Nonprofit Colleges and Universities May Tuition Trends at Minnesota s Private Nonprofit Colleges and Universities -2011 Table of Contents Page(s) Summary Table 1 Comprehensive
More informationACCESS TO SUCCESS IN AMERICA
May 28, 2015 ACCESS TO SUCCESS IN AMERICA Kati Haycock President, Education Trust Copyright 2015 The Education Trust America: Two Powerful Stories 1. Land of Opportunity: Work hard, and you can become
More informationPOLICY RESEARCH BRIEF
POLICY RESEARCH BRIEF Educational Debt at CUNY With the price of college tuition rising across the nation, student indebtedness has become a topic of concern to students and their families, college administrators,
More informationReasons Why Students Do Not File the FAFSA
EXECUTIVE SUMMARY Student Aid Policy Analysis Reasons Why Students Do Not File the FAFSA Mark Kantrowitz Publisher of Fastweb.com and FinAid.org January 18, 2011 This student aid policy analysis paper
More informationbachelor s degree-granting institutions were located.
WEB Profile of 2007 08 2007-08 First-Time Bachelor s TABLES Degree Recipients U.S. DEPARTMENT OF EDUCATION in 2009 OCTOBER 2012 NCES 2013-150 These Web Tables provide wideranging information on the demographic
More informationEducation on the Installment Plan: The Rise of Student Loan Indebtedness in Texas
Education on the Installment Plan: The Rise of Student Loan Indebtedness in Texas Education on the Installment Plan: The Rise of Student Loan Indebtedness in Texas Address all inquiries to: P.O. Box 201725
More informationStudent Loan Borrowing and Repayment Trends, 2015
Student Loan Borrowing and Repayment Trends, 2015 April 16, 2015 Andrew Haughwout, Donghoon Lee, Joelle Scally, Wilbert van der Klaauw The views presented here are those of the authors and do not necessarily
More informationETS s Addressing Achievement Gaps Symposium. Advancing Success for Black Men in College. A Statistical Profile
ETS s Addressing Achievement Gaps Symposium Advancing Success for Black Men in College A Statistical Profile ETS s Addressing Achievement Gaps Symposium Advancing Success for Black Men in College Co-sponsored
More informationDevelopments Changing Education
Developments Changing Education Cloud based computing Digital textbooks i Tunes University High Quality Video Streaming Mobile devices and connectivity For-profit universities Specialized training centers
More informationProfile of Minority-Serving Institutions in Texas
TG Research Report Profile of Minority-Serving Institutions in Texas A Study of Historically Black Colleges and Universities and Hispanic-Serving Institutions Carla Fletcher Research Analyst TG carla.fletcher@tgslc.org
More informationAdjusting Default Rates According to Borrower Demographics
Student Aid Policy Analysis Adjusting Default Rates According to Borrower Demographics Mark Kantrowitz Publisher of FinAid.org and FastWeb.com July 6, 2010 EXECUTIVE SUMMARY This paper discusses a mathematical
More informationInterest-Only and Negatively Amortized Loan Repayment Plans
Student Aid Policy Analysis Interest-Only and Negatively Amortized Loan Repayment Plans Mark Kantrowitz Publisher of Fastweb.com and FinAid.org November 2, 2010 EXECUTIVE SUMMARY This paper discusses the
More informationTo improve college affordability in meaningful ways, any new resources and reforms should:
November 5, 2008 Dear President-Elect Obama, Congratulations on your victory. Throughout your campaign, you called welcome attention to the critical importance of higher education to our economy and our
More informationFederal Student Financial Aid: 2011 National Profile of Programs in Title IV of the Higher Education Act
Federal Student Financial Aid: 2011 National Profile of Programs in Title IV of the Higher Education Act Overview...2 The Federal Pell Grant Program...5 The Federal Supplemental Educational Opportunity
More informationSuggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: Georgia. Philadelphia, PA: Institute for
GEORGIA Suggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: Georgia. Philadelphia, PA: Institute for Research on Higher Education, Graduate School of
More informationMaryland Higher Education Commission Documents
Maryland Higher Education Commission Documents 2014 Maryland Health and Higher Educational Facilities Authority Annual Report (2014) 2011 Maryland Health and Higher Educational Facilities Authority Annual
More informationGrants Work-Study Loans Less costly State or federal funds are leveraged with earnings students receive. jobs, usually on campus
Financial Aid What are the types of financial aid? Federal or state financial aid generally is one of three types: grants, work-study, or loans. The general characteristics of the three types of aid are
More informationAnalysis Brief March 2013
Trends in Higher Education Series College Board Advocacy & Policy Center Analysis Brief March 2013 How Students and Parents Pay for College Kathleen Payea Policy Analyst, The College Board Sandy Baum Senior
More informationMeasuring and Increasing College Affordability. A Presentation to Maine Legislators by The New England Board of Higher Education January 29, 2014
Measuring and Increasing College Affordability A Presentation to Maine Legislators by The New England Board of Higher Education January 29, 2014 New England at a Glance New England is home to 260 non-profit
More informationHousehold Debt and Credit: Student Debt
Household Debt and Credit: Student Debt February 28, 2013 Donghoon Lee The views presented here are those of the author and do not necessarily reflect those of the Federal Reserve Bank of New York, or
More informationExecutive Summary. Background
Executive Summary Background The Higher Education Reconciliation Act of 2005 created two new grant programs for undergraduates: the Academic Competitiveness Grant (ACG) program and the National Science
More informationStudent Loans. The State of Lending in America & its Impact on U.S. Households. Sonia Garrison. December 2012
Student Loans The State of Lending in America & its Impact on U.S. Households Sonia Garrison December 2012 Center for www.responsiblelending.org Responsible Lending 105 Student Loans An Introduction to
More informationRecent Developments in Student Loans
Recent Developments in Student Loans Gene Amromin gamromin@frbchi.org Disclaimer: The views expressed here are my own and may not represent those of the Federal Reserve Bank of Chicago or the Federal Reserve
More informationDealing With Debt. 1992 93 Bachelor s Degree Recipients 10 Years Later. Postsecondary Education Descriptive Analysis Report
Dealing With Debt 1992 93 Bachelor s Degree Recipients 10 Years Later Postsecondary Education Descriptive Analysis Report U.S. Department of Education NCES 2006-156 THIS PAGE INTENTIONALLY LEFT BLANK Dealing
More informationMost discussions of student loans focus on the
January 2003 The Role of Student Loans in College Access Sandy Baum, Ph.D., Professor of Economics, Skidmore College Most discussions of student loans focus on the difficulties they generate for students.
More informationStudent Loan Safety Nets: Estimating the Costs and Benefits of Income-Based Repayment
Student Loan Safety Nets: Estimating the Costs and Benefits of Income-Based Repayment Beth Akers and Matthew M. Chingos April 2014 EXECUTIVE SUMMARY The plight of underemployed college graduates struggling
More informationPostsecondary Student Financial Aid Facts
The Role of Financial Aid Administrators Financial aid administrators are dedicated to opening the doors of opportunity by making college possible. Student financial assistance for postsecondary education
More informationSuggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: Tennessee. Philadelphia, PA: Institute for
TENNESSEE Suggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: Tennessee. Philadelphia, PA: Institute for Research on Higher Education, Graduate School
More informationInstitutional Grants and Baccalaureate Degree Attainment
Institutional Grants and Baccalaureate Degree Attainment Derek V. Price, Ph.D., DVP-PRAXIS, LTD. Ryan J. Davis, NASFAA June 2006 ACKNOWLEDGMENTS Thanks to Professor Scott L. Thomas of the University of
More informationOverview of the Student Loan Market and Predictors of Student Loan Delinquencies
Overview of the Student Loan Market and Predictors of Student Loan Delinquencies Alvaro Mezza October 2, 2014 The analysis and conclusions in this presentation are those of the author and do not necessarily
More informationBoard of Regents March 6, 2008
Board of Regents March 6, 2008 2 Regents 2 Students 3 Provosts 4 Chief Business Officers 1 Budget Officer 2 Financial Aid Officers 2 Chief Student Affairs Officers 3 System Administration & Support Staff
More informationUnited States House of Representatives Committee on Education and the Workforce Subcommittee on Higher Education and Workforce Training
United States House of Representatives Committee on Education and the Workforce Subcommittee on Higher Education and Workforce Training September 20, 2012 Closing the gaps in opportunity and achievement,
More informationStudent Debt Being Smart about Student Loans
Insight. Education. Analysis. S e p t e m b e r 2 0 1 4 Student Debt Being Smart about Student Loans By Kevin Chambers During the 2008 crisis, total American household debt fell. The amount of money borrowed
More informationGive Your Students An Education On How To Pay For One BRINGING SALT TO YOUR SCHOOL
Give Your Students An Education On How To Pay For One BRINGING SALT TO YOUR SCHOOL 1 A degree is an investment you make in yourself. (And probably the best one you ll ever make.) Percent Returns 20 15
More informationSelection of Student Loans and College Performance
Selection of and College Performance Maximilian Schmeiser 1 Christiana Stoddard 2 Carly Urban 2 1 Federal Reserve Board 2 Department of Agricultural Economics and Economics Montana State University Cherry
More informationAn Agenda for College Affordability and Degree Completion
MINNESOTA PRIVATE COLLEGE COUNCIL An Agenda for College Affordability and Degree Completion I. The Case for Investing in Higher Education Minnesota benefits from our current above-average level of educational
More informationSuggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: Connecticut. Philadelphia, PA: Institute for
CONNECTICUT Suggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: Connecticut. Philadelphia, PA: Institute for Research on Higher Education, Graduate
More informationA Review on Postsecondary Education and Low-Income Young Adults
Portraits WHAT IS THE PORTRAITS SERIES? With the support from the Bill & Melinda Gates Foundation, the INSTITUTE FOR HIGHER EDUCATION POLICY plans to regularly release short research briefs that describe
More informationChapter V: How Washington Compares with Other States
Chapter V: How Washington Compares with Other States Key Facts about Higher Education in Washington Page 56 Washington s public four-year colleges are highly productive in degree completion... An undergraduate
More informationStudent debt: what s the problem?
Student debt: what s the problem? October 9, 2014 Katie Buitrago Senior Policy and Communications Associate Woodstock Institute Chicago, Illinois P 312.368.0310 F 312.368.0316 kbuitrago@woodstockinst.org
More informationSPECIAL SECTION: Indebtedness
SPECIAL SECTION: Indebtedness Introduction Student indebtedness is a topic of great import for universities, public policy officials, and of course, doctoral students and their families. This special section
More informationPreparing for College Parent Meeting: Financial Aid. Decatur Middle School April 15, 2015
Preparing for College Parent Meeting: Financial Aid Decatur Middle School April 15, 2015 Agenda Welcome Objective Types of Financial Aid Where to Start Objective To inform parents of how funding postsecondary
More informationTestimony by. Sue McMillin, President and CEO Texas Guaranteed Student Loan Corporation. Submitted to the. Committee on Education and Labor
Testimony by Sue McMillin, President and CEO Texas Guaranteed Student Loan Corporation Submitted to the Committee on Education and Labor Subcommittee on Higher Education, Lifelong Learning, and Competitiveness
More informationE D U C A T I O N A N D T R A I N I NG. Student Debt. Who Borrows Most? What Lies Ahead?
E D U C A T I O N A N D T R A I N I NG RESEARCH REPORT Student Debt Who Borrows Most? What Lies Ahead? Sandy Baum April 2015 Martha Johnson ABOUT THE URBAN INSTITUTE The nonprofit Urban Institute is dedicated
More informationUndergraduate Debt Causes Pipeline Leakage from Undergraduate School to Graduate and Professional School
Student Aid Policy Analysis Undergraduate Debt Causes Pipeline Leakage from Undergraduate School to Graduate and Professional School Mark Kantrowitz Publisher of Fastweb.com and FinAid.org November 22,
More informationNATIONAL STUDENT AID PROFILE: OVERVIEW OF 2015 FEDERAL PROGRAMS
NATIONAL STUDENT AID PROFILE: OVERVIEW OF 2015 FEDERAL PROGRAMS Published July 2015 Table of Contents Overview... 1 The Federal Pell Grant Program... 4 Campus-Based Aid Programs... 6 The Federal Supplemental
More informationDr. Lindsey Malcom-Piqueux. AIR Symposium on Using Research to Inform Policies and Practices in STEM Education. September 27, 2013
Dr. Lindsey Malcom-Piqueux AIR Symposium on Using Research to Inform Policies and Practices in STEM Education September 27, 2013 How do financial aid policies at the institutional, state, and federal levels
More informationFast Facts on Education in America
Fast Facts on Education in America updated december 2010 The climate of postsecondary education in America has changed dramatically since Scholarship America s inception 50 years ago. Access to college
More informationTrick or Treat? U.S. Department of Education Publishes Final Gainful Employment Regulations
Student Aid Policy Analysis Trick or Treat? U.S. Department of Education Publishes Final Gainful Employment Regulations www.edvisors.com/ask/student aid policy/trick or treat gainful employment final rule/
More informationGAO POSTSECONDARY EDUCATION. Financial Trends in Public and Private Nonprofit Institutions
GAO United States Government Accountability Office Report to the Ranking Member, Committee on Health, Education, Labor, and Pensions, U.S. Senate January 2012 POSTSECONDARY EDUCATION Financial Trends in
More informationProfile of Pell Grant Recipients Quick Reference Guide
Profile of Recipients Family Income The average family adjusted gross income (AGI) for recipients is 123% of the poverty line (median 112%), compared with 395% of the poverty line for non-recipients. Adjusted
More informationBalancing Passion and Practicality:
Balancing Passion and Practicality: The Role of Debt and Major on Students Financial Outcomes Student Financial Aid Research Network Conference June 14, 2012 Jeff Webster Assistant Vice-President, Research
More information