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tag: Transcript withholding

Blog Post
October 31, 2022

Joining Hands to Improve Student Access to College

Successfully addressing student debt, transcript holds, and re-enrollment for adult learners often requires cross-organizational partnerships. The Ohio College Comeback Compact is doing exactly that in northeast Ohio. A regional collaborative of eight public colleges and universities, the Ohio Department of Higher Education, Ithaka S+R, and College Now Greater Cleveland, the Ohio Compact is an innovative program allowing students to return to one of the participating institutions despite owing institutional debt that likely resulted in a transcript hold.
Blog Post
October 11, 2022

CFPB Ends Transcript Withholding for Students Owing Institutional Loans

Last week, the Consumer Finance Protection Bureau (CFPB) issued new guidance that postsecondary institutions cannot withhold academic transcripts from students owing past due institutional loan payments. The action is part of a series of decisions aimed at regulating institutionally-based aid programs such as loans and Income Share Agreements, or ISAs. This move protects some students with stranded credits, or credits students have earned but cannot document because of a past due balance.
Blog Post
August 15, 2022

Stranded Credits: State-Level Actions and Opportunities

Over the past several years, state and federal regulators have increasingly scrutinized the practice of transcript withholding. As of June 15, 2022, five states have pending bills and eight states have enacted bills that prohibit postsecondary institutions from withholding transcripts. Without transcript holds, students will be able to re-enroll in college, transfer to an institution that better fits their needs, apply for jobs that require postsecondary degrees, and potentially be in a better position to pay off their educational debt.
Issue Brief
July 7, 2022

Lost and Found: State and Institutional Actions to Resolve Stranded Credits

This brief provides a roadmap for stakeholders interested in the underlying practices that create stranded credits and what can be done to improve them. To begin, we provide specific definitions of the terms and practices implicated in the creation of stranded credits. While researchers and policy leaders have increased their attention on the problem of stranded credits, this brief lays out in detail how they are created, why they matter, and what can be done to better balance the interests.
Blog Post
August 17, 2021

“It pushes you down even further”

Documenting the Burden of Stranded Credits Through the Voices of Those Affected

In October 2020, Ithaka S+R estimated that 6.6 million people in the US owe a debt to a college or university they previously attended, and because of that, cannot access their transcripts or credentials. This insidious and understudied form of student debt not only saddles individuals with collections, credit rating issues, and other typical consequences of debt, but also prevents them from using credits and credentials they’ve earned to continue their education or…
Research Report
August 17, 2021

Stranded Credits: A Matter of Equity

Usually when student debt is discussed and examined, the focus is on federal and private loans; however there are other more insidious forms of student debt that affect thousands of students each year and impact their ability to matriculate, transfer, qualify for scholarships and even qualify for job opportunities. Stranded credits is a phenomenon where students earn academic credits but cannot access them due to an unpaid balance with a previously attended institution that is holding their transcript as collateral.
Blog Post
October 5, 2020

“Stranded Credits”

New Report Explores Scope and Effects of Transcript Withholding 

In the past 20 years, over thirty-six million Americans have left higher education without earning a postsecondary degree or credential. Those with some college experience but no degree are often left in debt without the requisite labor market opportunities to pay it off, and can struggle financially for several years after dropping out. These impacts are particularly deleterious for students of color, who are often saddled with an…
Research Report
October 5, 2020

Solving Stranded Credits

Assessing the Scope and Effects of Transcript Withholding on Students, States, and Institutions

Attention to the burden of U.S. educational debt, now at $1.7 trillion, has grown in recent years. For too many former postsecondary students—especially Black students—debt they took on to improve their lives and career prospects has instead become a financial hindrance, delaying or undermining their efforts to buy homes, build savings, or provide for their families. The debt burden is especially severe for those who never completed their postsecondary program and therefore did not receive the credentials that might have…