tag: Institutional debt
Past Event
November 21, 2024
Evaluating the Effectiveness of Institutional Debt Cancellation for Stopped-Out Students
In a session at the Association for the Study of Higher Education’s (ASHE) 2024 General Conference, Joanna Dressel and James Ward will share insights from a study of an institutional debt cancelation program that found that students of color are disproportionately impacted by institutional debt. The session is scheduled for November 21 at 4:00pm to 5:15pm.
Past Event
December 4, 2024
State-Based Solutions for Addressing Institutional Debt
SHEEO Communities of Practice
At the State Higher Education Executive Officers Association (SHEEO) Communities of Practice: Supporting Student Loan Borrowers event in Washington DC, Brittany Pearce will join SHEEO Associate Vice President Dustin Weeden and Ohio Department of Higher Education Associate Vice Chancellor for Student Success Christopher Kacir to discuss state-based solutions for addressing institutional debt. The session will take place on December 4 at 12:45pm ET. See the event agenda to learn more.
Blog Post
November 12, 2024
Improving Re-Enrollment for Adult Learners with Some College, No Degree
Announcing a New Project with the New Jersey Office of the Secretary of Higher Education
As states and postsecondary institutions work to achieve critical degree attainment and workforce development goals, establishing policies and practices to effectively support adult learners who have some college but no degree is crucial. Through the statewide “Some College, No Degree” initiative, the New Jersey Office of the Secretary of Higher Education (OSHE) is working to increase adult learner re-enrollment and degree completion in the state. Beginning fall 2024, the New Jersey OSHE and Ithaka S+R are working together to…
Blog Post
October 28, 2024
Turning Debt into Credentials
The Ohio College Comeback Compact Continues to Benefit Adult Learners, Institutions, and Northeast Ohio
After a successful pilot year and transition to full program implementation, the Ohio College Comeback Compact continues to show growth and positive student outcomes for adults with some college but no credential who departed postsecondary education with past due balances. With continued generous support from Lumina Foundation, The Kresge Foundation, and the Joyce Foundation, Ithaka S+R is pleased to continue partnering with the eight public colleges and universities in Northeast Ohio for the third year of the Compact.
Blog Post
October 10, 2024
Assessing Administrative Holds and Institutional Debts for Stopped Out Students
A New Project to Support Adult Learner Re-engagement in North Carolina
North Carolina is expanding higher education engagement efforts to adult learners. The University of North Carolina System has dedicated substantial resources to improve infrastructure and program delivery to enroll adult learners and re-engage those who have previously stopped out in their educational journeys. To support this ongoing work of reaching degree attainment and workforce development goals, Ithaka S+R is collaborating with the University of North Carolina (UNC) system office to analyze the scope of administrative holds for unpaid balances, which…
Blog Post
July 17, 2024
Institutions Are Shifting Practices to Comply with a Ban on Transcript Withholding
A new national ban on most transcript withholding took effect this month. The policy, which was announced in fall 2023, is intended to ensure students can access their academic records and minimize the number of credits which are stranded. The new rules direct institutions not to withhold transcripts for any academic terms in which a student received federal financial aid, if the student has fully paid or has a payment plan in place for any unpaid balance. This national ban…
Blog Post
May 9, 2024
From Debt to Degrees
Evaluating the Ohio College Comeback Compact
Across the US, the number of individuals who started college but stopped out before attaining a degree has continued to grow. Research shows that earning an associate’s degree, bachelor’s degree, or a targeted credential has wide-ranging benefits, from increased lifetime earnings to improved health outcomes. Postsecondary institutions and regional economies also benefit when students re-enroll and complete programs. Returning students face unique challenges to re-enrollment and completion, and this is especially true for students with past-due balances at their…
Research Report
May 9, 2024
Removing the Institutional Debt Hurdle
Findings from an Evaluation of the Ohio College Comeback Compact
This report provides findings from the evaluation of the pilot year of the Ohio College Comeback Compact, an institutional debt cancellation program being implemented at eight public institutions in northeast Ohio. Administrative holds preventing re-enrollment leave students unable to realize the benefits of a postsecondary credential. Fortunately, a number of initiatives and policies, including the Ohio College Comeback Compact, have sought to alleviate this barrier for students.
Blog Post
April 25, 2024
Removing Barriers to Re-Enrollment for Adult Learners
Announcing A New Technical Assistance Project in Kentucky
In collaboration with the Kentucky Council for Postsecondary Education (CPE), Ithaka S+R is providing research and consulting to identify barriers to re-enrolling adult learners who have stopped out and assess intervention opportunities to improve adult learner re-enrollment in Kentucky. This project builds on Ithaka S+R’s prior research, implementation, and evaluation efforts to address stranded credits—credits that students have earned but cannot access because of administrative holds placed by the college or university they previously attended as collateral…
Past Event
May 1, 2024
Adult Learner Re-Engagement in Pennsylvania
Informational Webinar with PDE and Ithaka S+R
On Wednesday May 1 at 11:00am-12:00pm ET, join the Pennsylvania Department of Education and Ithaka S+R for a webinar providing practical information on how higher education institutions in Pennsylvania can better support adult learners. By working with students to resolve past due balances and administrative holds, institutions are able to enroll students who were previously blocked from returning to college. Register to attend by Friday, April 19 to learn about strategies to engage, enroll, and support adult…
Blog Post
November 30, 2023
Improving Data Collection and Management Practices to Understand Stranded Credits
Institutional debt is an understudied and overlooked type of student debt that hinders stopped-out students’ ability to complete or further their education. This specific debt often results in “stranded credits”—earned credits that students cannot access because their former institution is withholding their transcript or blocking registration until they settle their unpaid balance. Institution record systems are not designed to facilitate easy access to understanding who is affected by stranded credits. But, with small changes and greater collaboration, institutions…
Blog Post
November 9, 2023
Who Has Stranded Credits?
Insights from a New Ithaka S+R Survey
In August 2022, the Ohio College Comeback Compact (“Ohio Compact” or “Compact”) was launched to offer a pathway to re-enrollment for stopped-out college students with stranded credits in the Northeast Ohio region. The Compact allows stopped-out students to return to any of the eight participating public colleges and universities despite owing institutional debt and having their transcript withheld. Through the Compact, students are eligible to receive up to $5,000 in debt forgiveness and a release of their transcript…
Research Report
November 9, 2023
Institutional Supports for Students with Stranded Credits
Survey Results from the Ohio College Comeback Compact
As of 2023, 43.6 million borrowers owe more than $1.7 trillion in student loan debt. The burden of debt negatively impacts borrowers' ability to provide for their families, purchase a car, or buy a home. However, there is another, often overlooked, institutional debt that students may owe their former institutions after stopping out. It is estimated that 6.6 million students owe $15 billion in unpaid balances to their institutions.
Blog Post
November 8, 2023
Op-Ed in The Hill Highlights Opportunities Following Education Department’s New Transcript Withholding Ban
Almost exactly three years after Ithaka S+R first published national research on “stranded credits”—credits that students have earned but can’t access because their college is holding their transcript and blocking registration until they pay a balance due—the federal government is on the verge of eliminating transcript withholding as a debt collection practice. In a new op-ed in The Hill, we discuss a package of regulations issued by the US Education Department and aimed at protecting beneficiaries of…
Blog Post
January 10, 2023
New Jersey Poised to Become Ninth State to Ban Transcript Withholding—But Only Sometimes
Over the last 13 months, New Jersey state legislators have considered four bills related to transcript withholding—or the practice of postsecondary institutions withholding a student’s transcript until they have paid their full balance. It appears now that the state may be one step closer to banning the practice—but only some of the time. Assembly Bill 1198 was recently assigned to the Senate Higher Education Committee, which may now move forward with discussing, debating, and amending the legislation before sending…
Blog Post
August 31, 2022
The Importance and Risks of Institutional Borrowing
New Report with TIAA Institute
While student loan debt has ballooned to over $1.7 trillion, institutional debt, or money colleges and universities borrow as organizations, is frequently overlooked as a significant factor in higher education finance. With support from the TIAA Institute, Ithaka S+R examined institutional borrowing practices. Specifically, we examined how periods of crisis and financial strain impact the decision to borrow and identified institutional characteristics linked to growth in debt levels during the 2008 Great Recession.
Research Report
August 30, 2022
Borrowing During a Time of Crisis
Examining Institutional Debt During the Great Recession and COVID-19
Although a great deal of attention is paid to student debt, colleges and universities have increased their institutional debt substantially over the past several decades. While institutional borrowing is an important tool colleges can use to meet strategic goals, unchecked or irresponsible debts can undercut a college’s ability to adequately serve students. Ithaka S+R conducted a mixed methods study, with the generous support of the TIAA Institute, to better understand how institutional borrowing decisions are made during periods of crisis.
Blog Post
August 2, 2022
New Opportunity for Stopped-Out College Students in Northeast Ohio to Settle Debt and Access Stranded Credits
Ohio College Comeback Compact Launches Summer 2022
Thousands of college students in Northeast Ohio who left school without a degree and owe money to their former college now have a pathway back to settle the debt and continue their education. Beginning this month, the Ohio College Comeback Compact is contacting approximately 15,000 students with a new proposition: come back to any public college in the region, even if you owe money and your transcript is being held because of it. Eligible students who…
Blog Post
December 8, 2021
A Sustainable Solution to Settle Students’ Debt and Release Stranded Credits
Ithaka S+R and Eight Ohio Public Institutions Announce Promising New Pilot
Since publishing our first report on the subject in October 2020, Ithaka S+R has been at the forefront of defining the problem of stranded credits. We are now moving ahead with testing a potentially groundbreaking solution. “Stranded credits” are credits that students have earned but can’t access because their former institution is holding their transcript as collateral for an unpaid balance to the institution. Ninety-five percent of…