March 10, 2022
The COVID-19 pandemic spotlighted the ever-increasing amount and crushing effects of student debt, including debts owed directly to postsecondary institutions. In an earlier report, Solving Stranded Credits, we estimated that roughly 6.6 million students owe over $15 billion in unpaid balances to colleges and universities in the United States. The weight of institutional debt can leave students feeling defeated, forcing many to avoid pursuing postsecondary education altogether. On a national scale, these debts…
August 30, 2021
What’s the Impact on Stranded Credits and Student Outcomes?
Stranded credits, or academic credits previously earned but inaccessible due to an outstanding debt to an institution, impact an estimated 6.6 million students across the country. Students affected by stranded credits represent nearly one-sixth of the estimated 36 million students who left college with some credit, but no degree, and are more likely to be students of color and from lower-income backgrounds. Recently, the issue of stranded credits…