Lumina Foundation Lumina is committed to enrolling and graduating more students from college. In fact, we are the nation's largest foundation dedicated exclusively to increasing students' access to and success in postsecondary education. Our mission is defined by Goal 2025-to increase the percentage of Americans who hold high-quality degrees and credentials to 60 percent by 2025. Fri, 18 Apr 2014 19:06:58 +0000 en-US hourly 1 Paper series funded by Lumina Foundation explores new models of student financial support Mon, 14 Apr 2014 09:05:23 +0000 matthew More »]]> Affordability, State Policy & Passive Repayment Covered by 15 Authors in Papers Released Today

WASHINGTON, DC – Today Lumina Foundation releases a group of 15 expert papers that explore new models of student financial support. These papers are all aimed at addressing one of the biggest barriers to college completion: the amount of money students are required to pay to complete a postsecondary degree or certificate. Considerable research suggests that students are price-sensitive and that financial resources are a necessary tool to help students meet the cost of tuition and fees, as well as transportation, child care, and other indirect expenses, particularly among low-income students. These studies show that the structures currently in place to help students pay these costs are not set up to efficiently provide both access and support completion.

The papers, commissioned by the Foundation, are intended to stimulate greater discussion and evaluation around several key topics in student finance, including affordability of higher education, student loan repayment, and federal-state-institutional partnerships. The papers are aimed at addressing solutions that can be implemented at the institutional, state and federal levels.

“We believe it is time to fundamentally rethink our national approach to student financing,” said Jamie Merisotis, president & CEO of Lumina Foundation. “Only through substantive redesign can we assure that tuition and financial aid resources are used to support the success of the much larger number of students needed to reach Goal 2025. This launch of the comprehensive policy papers is an early step in that redesign effort.”

Last year, Lumina Foundation developed and released a set of design principles to guide the Foundation’s work in this area. The principles were unveiled this past May in a Huffington Post blog authored by Merisotis.

Using the design principles as a guide, Lumina Foundation invited nationally recognized experts as well as up-and-coming analysts to author the papers that will be discussed during today’s Ideas Summit at the Newseum in Washington, DC. The papers can be found online at The titles and authors of the papers are as follows:

“Our goal in this series is not to prescribe a particular solution or choose one course of action,” said Merisotis. “Rather, we seek to generate innovative ideas for improving the ways in which postsecondary education is paid for in this country and to stimulate further discussion on that vital topic.”

Each paper reflects the views and recommendations of its authors, not those of Lumina Foundation.

Lumina’s Strategy Director, Zakiya Smith, oversees the Foundation’s work in student financial support and will head up the paper launch event at the Newseum today.

About Lumina Foundation:  Lumina Foundation is an independent, private foundation committed to increasing the proportion of Americans with high-quality degrees, certificates and other credentials to 60 percent by 2025. Lumina’s outcomes-based approach focuses on helping to design and build an accessible, responsive and accountable higher education system while fostering a national sense of urgency for action to achieve Goal 2025. For more information, log on to:

Media contact:

Lucia Anderson Weathers
Lumina Foundation

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Lumina Ideas Summit: New Models of Student Financial Support Mon, 14 Apr 2014 05:05:09 +0000 matthew View event schedule and paper series downloads »]]> .paperHolder img { float: left; margin: 0px 6px 6px 0px; border: 1px solid #ccc; } .paperHolder hr { display: block; height: 1px; border: 0; border-top: 1px solid #ccc; margin: 1em 0; padding: 0; clear: left; } .rotatingtweets,.rotatingtweet { clear: none; display: inline-block; float: left; width: 500px; } p { margin-top: 12px; }
The papers

A College Considerator
Robert Shireman, California Competes
Lande Ajose, California Competes

A Student Level Analysis of Financial Aid
Richard Rhoda, Tennessee Higher Education Commission
Russ Deaton, Tennessee Higher Education Commission
David Wright, Tennessee Higher Education Commission
Doug Mennen, Tennessee Higher Education Commission

States in the Driver’s Seat Brian T. Prescott, WICHE
David A. Longanecker, WICHE

Applying the Lessons of Behavioral Economics to Improve the Federal Student Loan Programs: Six Policy Recommendations
Angela Boatman, Vanderbilt University
Brent Evans, Vanderbilt University
Adela Soliz, Harvard University

Can Income-Driven Repayment Policies be Efficient, Effective, and Equitable?
Nicholas Hillman, University of Wisconsin-Madison
Jacob Gross, University of Louisville

College Affordability for Low Income Adults: Improving Returns on Investment for Families and Society
Barbara Gault, Institute for Women’s Policy Research
Lindsey Reichlin, Institute for Women’s Policy Research
Meghan Froehner, Institute for Women’s Policy Research
Stephanie Roman, Institute for Women’s Policy Research

College Affordability: What Is It and How Can We Measure It?
Sandy Baum, George Washington University and The Urban Institute
Jennifer Ma, The College Board

College Costs: Students Can’t Afford Not to Know
Brad Hershbein, W.E. Upjohn Institute for Employment Research
Kevin Hollenbeck, W.E. Upjohn Institute for Employment Research

Estimating the Costs and Benefits of Income-Based Student Loan Repayment Systems
Beth Akers, Brookings Institution
Matthew Chingos, Brookings Institution

From Income-based Repayment Plans to an Income-based Loan System
Robert G. Sheets, George Washington Institute for Public Policy, George Washington University
Stephen Crawford, George Washington Institute for Public Policy, George Washington University

Moving the Needle: How Financial Aid Policies Can Help States Meet Student Completion Goals
Andy Carlson, SHEEO
Katie Zaback, SHEEO

Piecing Together the College Affordability Puzzle: Student Characteristics and Patterns of (Un)Affordability
Rashida Welbeck, MDRC
John Diamond, MDRC
Alexander Mayer, MDRC
Lashawn Richburg-Hayes, MDRC
with Melvin Gutierrez, MDRC & Jessica Gingrich, MDRC

Putting Colleges on Notice: Crafting Smarter Strategies to Improve Affordability through Curbing Cost Increases
Alisa Hicklin Fryar, University of Oklahoma
Deven Carlson, University of Oklahoma

Securing America’s Future with a Universal Two-Year College Option Sara Goldrick-Rab, Education Optimists and University of Wisconsin-Madison
Nancy Kendall, University of Wisconsin-Madison

Should All Student Loan Payments Be Income-Driven? Benefits, Trade-offs, and Challenges
Lauren Asher, The Institute for College Access & Success (TICAS)
Diane Cheng, The Institute for College Access & Success (TICAS)
Jessica Thompson, The Institute for College Access & Success (TICAS)

Join in the conversation on twitter #AffordCollege

April 14, 2014 | 9:30am-2:15pm
Washington, DC

The Lumina Ideas Summit: New Models of Student Financial Support is a discussion about paying for college in a 21st Century higher education system. Lumina Foundation has commissioned a series of independently-produced papers by a wide array of authors that focus on these new models of student financial support. The purpose of the summit is to conduct an exchange of innovative ideas about how new models of financial support for students in postsecondary education could increase degree attainment.

The authors will discuss their ideas and perspectives on several important topics, including: the role of states in college affordability; enhancements to the current income-based loan system in the US; and how to determine what “affordability” means relative to factors such as cost of living, personal perceptions of affordability, and return on investment.

Monday, Apr. 14
9:30 amWelcome and Introductions
Jamie Merisotis, President and CEO, Lumina Foundation
9:45 amCollege Affordability—What Do We Know?

Sandy Baum, Research Professor, George Washington University and Senior Fellow, Urban Institute
Barbara Gault, Vice President and Executive Director, Institute for Women’s Policy Research
Lashawn Richburg-Hayes, Director, Young Adults and Postsecondary Education, MDRC
Robert Shireman, Executive Director, California Competes

Moderator: Zakiya Smith, Strategy Director, Lumina Foundation
10:30 amSystem Overhaul—What does a 21st Century system of student financial support look like?

Sara Goldrick-Rab, President and Associate Professor, Education Optimists and University of Wisconsin-Madison
Brian Prescott, Director for Policy Research, WICHE
Robert Sheets, Research Professor, George Washington University
Katie Zaback, Senior Policy Analyst, SHEEO

Moderator: Jamie Merisotis, President and CEO, Lumina Foundation
12:30 pmStudent Loan Repayment—Can student repayment policies increase efficiency and effectiveness?

Elizabeth Akers, Fellow, Brookings Institution
Lauren Asher, President, TICAS
Brent Evans, Assistant Professor, Vanderbilt University
Jake Gross, Assistant Professor, University of Louisville

Moderator: Julie Peller, Strategy Director, Lumina Foundation
1:30 pmPartnership-Building—How can we work together to improve affordability?

Russ Deaton, Associate Executive Director for Finance and Administration, Tennessee Higher Education Commission
Alisa Fryar, Associate Professor, University of Oklahoma
Brad Hershbein, Economist, W.E. Upjohn Institute for Employment Research

Moderator: Haley Glover, Strategy Director, Lumina Foundation
2:15 pmConcluding Remarks and Adjourn
Zakiya Smith, Strategy Director, Lumina Foundation
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