New Metrics Needed to Highlight and Close Racial Disparities in Student Debt Outcomes by College

  • Hold colleges to a minimum standard. Debt metrics should identify colleges with consistently adverse outcomes for students. Thresholds should be set to identify institutions well below the norm, while avoiding disruptive impacts on most colleges.
  • Develop and consider using earnings net of debt payments. All debt metrics are likely to correlate with race and income, but some metrics are more influenced by factors external to colleges than others are. We believe that a metric that incorporates an earnings threshold is more likely to reward college level strategies that improve completion and credential quality, which can lift earnings above a minimum bar, without withdrawing opportunities from students.
  • Pair multiple metrics together. Policymakers should consider ways to pair metrics that can provide multiple paths for colleges to demonstrate value. For example, the repayment rate could provide an initial filter that would allow institutions that have strong loan payment outcomes to pass the accountability standard, regardless of performance based on earnings metrics. This could be particularly helpful when colleges feel available earnings data do not accurately reflect the financial health of their students. Colleges would still need to pass CDR and existing eligibility standards as well.

--

--

--

Source of research, design, & advocacy for student-centered public policies that promote affordability, accountability, and equity in higher ed. ticas.org

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

How to get into a Fully Funded PhD or MS program

High From Helping Challenge

Aptitudes Needs To Learn

I Have An Announcement To Make

Getting Ahead As a Writer In University

Augmenting student feedback with automation

New education policy 2020- 11 things you don’t want to miss out on .

How Can I get Children in a Growth Mindset about Learning?

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
The Institute for College Access & Success

The Institute for College Access & Success

Source of research, design, & advocacy for student-centered public policies that promote affordability, accountability, and equity in higher ed. ticas.org

More from Medium

Is the Call Center WFH Model Here to Stay After COVID-19?

Female Toxicity in the Workplace- Perspective from the Battleground

Rethinking Contraceptive Discontinuation: Are Solutions Being Overlooked?

Take care of your resources and employees, and they’ll take care of your firm”.