ISSUE BRIEF March 15, 2021 Federal Policies for Increasing Socioeconomic Diversity at Selective Colleges and Universities Elizabeth Davidson Pisacreta Emily Schwartz Catharine Bond Hill Martin Kurzweil Ithaka S+R provides research and strategic guidance to help the academic and cultural communities serve the public good and navigate economic, demographic, and technological change. Ithaka S+R is part of ITHAKA, a not-for-profit organization that works to advance and preserve knowledge and to improve teaching and learning through the use of digital technologies. Artstor, JSTOR, and Portico are also part of ITHAKA. Copyright 2021 ITHAKA. This work is licensed under a Creative Commons Attribution 4.0 International License. To view a copy of the license, please see https://creativecommons.org/licenses/by/4.0/. ITHAKA is interested in disseminating this brief as widely as possible. Please contact us with any questions about using the report:
[email protected]. Federal Policies for Increasing Socioeconomic Diversity at Selective Colleges and Universities 1 Introduction Earning a bachelor’s degree is increasingly important to an individual’s longer-term economic prospects. Communities, at all levels, also benefit when their members earn postsecondary credentials, through improved economic, social, and health outcomes. Yet, despite an increase in college participation over the last two decades, severe inequities in bachelor’s degree attainment remain; inequities that often leave lower-income and BIPOC (Black, Indigenous and people of color) students with debt and no or low-value credentials.1 With Democrats coalescing around a number of federal policy interventions, Congress and the Biden administration seem poised to take action to address these inequities and increase attainment.