Topic: Affordability
Blog Post
September 27, 2023
After Successful Pilot, the Ohio College Comeback Compact Moves to Full Implementation
The Ohio College Comeback Compact successfully concluded its pilot year, demonstrating proof of concept for a novel program aimed at re-enrolling college students with stranded credits and settling the institutional debt they owed their former institutions. The Compact is advancing to a full implementation at the eight original public colleges and universities in Northeast Ohio for the 2023-24 academic year. And, with generous support from Lumina Foundation, The Kresge Foundation, and the Joyce Foundation, Ithaka S+R will be…
Past Event
November 8, 2023
Four Perspectives on Re-Enrolling Adult Learners and Supporting Them Through Completion
In this session at the CAEL Conference on November 8 at 1:40-2:30pm ET in Key Ballroom 1, panelists will discuss the challenges they see and their approaches to supporting adults to complete their postsecondary education. Ithaka S+R’s Liz Looker will speak on stranded credits and Ithaka S+R’s projects to support adult learners seeking to complete their credentials, including the Ohio College Comeback Compact. Other panelists include Steve Ast, Mike Krause, and Dr. Mark Sorrells. Learn more about the…
Past Event
June 13, 2023
National Trends in Higher Education
At 11 am on June 13, 2023, Martin Kurzweil will participate in a session on national trends in higher education, hosted by the Chronicle of Higher Education. The 75-minute session will focus on key trends in higher education and its economic and policy context, moderated by current department chair Manya Whitaker. Register to attend.
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
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
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.
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…
Past Event
July 27, 2022
Benefit Pros Weigh In: Unpacking the Limited PSLF Waiver
On Wednesday, July 27 at 1:00 pm ET, Ithaka S+R's Managing Director Catherine Bond Hill will discuss the Limited Public Service Loan Forgiveness (PSLF) Waiver and what it means for nonprofits and public sector employers, as well as benefit advisors and employees, as part of a virtual panel. Other panelists will include Dr. Grace Ingram, Paul Joo, and moderator Bridget Haile. Learn more about the webinar, hosted by Summer, here.
Blog Post
June 14, 2022
Forgive and Forget? Understanding the Impact of State-Funded Student Loan Forgiveness Programs
While student loan forgiveness is trending at the federal level, little attention has been directed towards learning from state approaches or the impact that federal forgiveness could have on state policy and practice. While not all states have programs, some have loan forgiveness options that pre-date the main federal program, Public Service Loan Forgiveness, or PSLF. Twenty states operated state-funded student loan forgiveness programs in 2020, spending over $65 million to forgive or partially repay students’ loans. …
Past Event
June 14, 2022
Webinar: Solving Stranded Credits and Institutional Debt
The Washington Student Achievement Council
On Tuesday, June 14, from 1:00 – 2:00 PDT, Martin Kurzweil will present on “Solving Standard Credits and Institutional Debt” during a webinar for the Washington Student Achievement Council. To register, visit the Council’s website. About the webinar Recent research by Ithaka S+R and others has revealed that more than 6.6 million students nationally owe debt on an unpaid balance to a previously attended college or university, with an average balance of $2,400. The vast majority of institutions withhold…
Blog Post
March 31, 2022
Understanding the Impacts of Emergency Micro-Grants on Student Success
Well before the COVID-19 pandemic, many college students across the country faced challenges in meeting their basic needs, including access to food, housing, childcare, and transportation. These barriers, combined with rising prices relative to income and grant aid, are a key reason that over 36 million former students have left college without earning their degree. The pandemic has exacerbated students’ financial issues, and many more have chosen not…
Blog Post
March 10, 2022
A Preliminary Analysis of Debt Forgiveness Programs
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…
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…
Blog Post
November 10, 2021
Unpacking the Effects of Increasing Pell Grants
The Pell Grant is America’s most prominent tool to promote college access and affordability for low- and middle-income students. With a substantial increase in the maximum Pell award under consideration by Congress, a natural question is how that increase is likely to impact the access and affordability goals of the program. The answer, it turns out, depends a lot on the college or university at which a Pell recipient uses the grant. In a new…
Issue Brief
November 9, 2021
No “One Size Fits All” Impact of Doubling Pell Grants
Understanding the Impact of Changing the Maximum Pell Grant on Low- and Middle-Income Students
As policy makers consider revisions to the Higher Education Act (HEA), understanding the impact of increasing the size of Pell grants is important if it is to have the intended impact of improving educational outcomes for lower income students across the various types of colleges and universities. Proposals to increase the Pell grant have been put forward by the Education Trust, the American Academy of Arts and Sciences, the Urban Institute, the Biden administration, and many others. House Republicans have…
Blog Post
August 30, 2021
Collecting Data on New Debt Relief Programs
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…
Issue Brief
August 25, 2021
Improving Clarity in Financial Aid Offers
Content and Design Recommendations for Transparent Student Communications
The American Talent Initiative’s latest issue brief, “Improving Clarity in Financial Aid Offers,” centers on the need for colleges and universities to prioritize clear, transparent financial aid communications, especially as the cost of college has significantly increased over the past three decades and left a shrinking number of students able to afford higher education (especially amid the pandemic). To address this enduring challenge, institutions can use powerful tools like the financial aid offer to help students understand the true…
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.
Issue Brief
December 10, 2020
Reimagining State Higher Education Funding
Recommendations from the Ithaka S+R Convening
The effects of the COVID-19 pandemic are still unfolding, but already the pandemic seems likely to have an unprecedented impact on higher education finances. In response to declining tax revenues, states are beginning to curtail higher education funding, a key source of revenue for many public colleges and universities. Changing enrollment patterns and rising unemployment has softened demand for some colleges, which can negatively affect tuition revenues. Limitations on in-person activities and increased health-related costs are shrinking auxiliary revenues, a…