Items such as parking tickets, library fines, decades-old tuition balances and debt created as a result of institutional error, can have devastating impact on students’ trajectories in higher education.
A new report titled, “Stranded Credits: A Matter of Equity,” from Ithaka S+R, explores the lived experiences of students and staff familiar with institutional debt, also known as stranded credits. This phenomenon particularly impacts students of color, first-generation and low-income students. The report defines stranded credits as academic credits achieved by students that they cannot access due to an unpaid balance.
Stranded credits not only impact students’ academic progress, they can also thwart career trajectories because they are unable to access their transcripts due to unpaid debt. Researchers also found this phenomenon also has a detrimental impact on mental health and wellbeing.