- Higher Education
- K-12 Education
Now that the U.S. Department of Education has released new data on financial aid for the 2011-12 school year, we can update our calculations that show what students actually pay: “net tuition.” Net tuition is the published tuition minus all grant aid. (Student loans are not subtracted because they have to be paid back.) The graph below shows the average published tuition starting in 1980-1981 aContinue Reading »
The 2011–12 National Postsecondary Student Aid Study recently released by the Department of Education is full of interesting details about who receives aid and how much they get. One clear conclusion from the data is that the targeting of two important federal financial aid programs occasionally misses the mark.
Pell grants and subsidized student loans are designed for students from low-Continue Reading »
The U.S. Department of Education’s Degrees of Debt study, released last week, examines data on student borrowing and loan repayment for students one year after graduating in 1994, 2001, and 2009. For me, the most interesting findings included:
From 1992-93 to 2007-08…The proportion of bachelor’s degrees recipients with student loan debt increased from 49 percent to 66 percent (figuContinue Reading »
In The Missing “One-Offs”: The Hidden Supply of High-Achieving, Low Income Students, Caroline M. Hoxby and Christopher Avery revealed that many high-ability, low-income students aren’t attending top colleges, undermining the notion that higher education is as meritocratic as some claim. U.S. News & World Report’s* recent college rankings provide further proof to substantiate this point.Continue Reading »
Over at Ed Money Watch, Clare McCann argues logically enough that a loophole in the 90/10 rule should be closed. In case you don’t keep up to date on all the latest in arcane higher ed rules, the 90/10 rule “requires for-profit colleges to get no more than 90%of their revenues from Title IV federal student aid.”
The basic idea was to ensure that students pay something—they’ll be more dilContinue Reading »
The new data on federal financial aid recipients that we explored last week continues to yield new insight. Recall that the data is not perfect, as incomes are counted only for “full-time, first-time degree/certificate-seeking undergraduates paying the in-state or in-district tuition rate who received Title IV federal student aid,” so many students are not included. Nevertheless, the data coverContinue Reading »
A persistent problem with trying to analyze higher education is a lack of information about student financial resources. Fortunately, IPEDS has recently started to release some to this information. It’s not perfect, as it only counts “full-time, first-time degree/certificate-seeking undergraduates paying the in-state or in-district tuition rate who received Title IV federal student aid,” but itContinue Reading »
A recent survey of distinguished economists revealed shocking results to this survey question:
“Conventional economic reasoning suggests that it would be a good policy to enact the recent Senate bill that would let undergraduate students borrow through the government Stafford program at interest rates equivalent to the primary credit rates offered to banks through the Federal ReserveRContinue Reading »
Last week, we looked at why tuition was increasing at four-year public colleges, and argued that the most commonly cited reasons could not explain why tuition was increasing. This week, we’ll look at private, nonprofit, four-year colleges.
Since private colleges do not receive nearly as much money from states as public colleges, we’d expect for changes in state appropriations to be a minContinue Reading »
While President Obama’s new higher ed proposals have generated considerable commentary, much of it seems to be missing two key points.
The first is admittedly based on my reading of the proposal thus far, and I grant that the proposal is vague enough that you can read pretty much whatever you want into it. Most of the commentary compares the new ratings system to U.S. News & World ReContinue Reading »