New Models of Student Financial Support: Students Can’t Afford Not to Know

Project Dates

09/01/2013 - 02/28/2014


This project offered a more useful, individualized, and feasible approach to understanding college affordability. First, it conceptually differentiated affordability from economic value. Second, it argued that information on average costs and outcomes, such as that available in the Education Department’s College Scorecard, while a step in the right direction, does not provide sufficient information for students to make informed choices. Third, and most important, it advocated a three-pronged strategy for providing students – well before the college application decision occurs – customized information on net costs, debt repayment, and earnings outcomes.


College Costs: Students Can't Afford Not to Know, Brad Hershbein and Kevin Hollenbeck (2014)


Lumina Foundation

Subject Area

EDUCATION; Postsecondary education