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Economic Facts Apr 26, 2017

Eight Economic Facts on Higher Education

In this set of eight facts, the Hamilton Project offers evidence of the economic value of a postsecondary education. These facts document who is enrolling in and completing – or dropping out of – postsecondary programs and how this has changed over time. While there continues to be a sizeable earnings premium for postsecondary degree holders, these facts also describe the distribution of debt and default among student borrowers.

Policy Proposal Apr 26, 2017

Improving College and Career Outcomes of Low-Performing High School Students

In this proposal, the author shows that many students who perform at or below average in high school are not prepared for college and do not attain postsecondary degrees or high-value certificates. The author proposes a set of policies and practices, informed by his multimethod evaluation of the Florida College and Career Initiative (FCCRI), that would improve college and career outcomes at relatively low cost.

Policy Proposal Apr 26, 2017

Understanding and Addressing Teacher Shortages in the United States

While there is a popular perception of a national teacher shortage, the authors demonstrate that teacher shortages are in fact localized and subject-specific. Teacher hiring and retention are often difficult for schools that serve low-income students as well as in particular fields like STEM and special education. The authors propose complementary strategies that K-12 school districts, teacher education programs, and regulatory authorities can use to address these shortages.

Policy Proposal Apr 26, 2017

Labor Force to Lecture Hall: Pell Grants and Postsecondary Policies in Response to Job Loss

Currently, Pell Grants are designed to meet the needs of recent high school graduates. In this proposal, Turner explores the possibility of better tailoring Pell Grant eligibility and needs assessment to the circumstances of the adult unemployed. In addition to improving Pell access for these individuals, facilitating better matches between unemployment insurance recipients and post-secondary programs has the potential to enhance long-term labor market outcomes, which Turner proposes to carefully evaluate. 

Policy Proposal Apr 26, 2017

A Risk Sharing Proposal for Student Loans

In this paper, the authors propose a risk-sharing system for the student loan program. Institutions with low repayment rates, as measured by a new cohort-based repayment metric, would be asked to pay a fee in proportion to the degree to which they miss repayment rate targets. This fee is intended to be a nudge to encourage institutions to improve matching between students and programs, program quality, completion, and other factors that relate to repayment outcomes.