HCM’s newest release is a two-part series that explores the updated Carnegie Classifications and the modernized framework they offer for strengthening statewide higher education policy. Designed to give states a clearer and more accessible lens into institutional impact, the series highlights how the new Classifications can inform decision-making and improve support for both students and institutions. The first brief focuses on the new Student Access and Earnings Classification, explaining how it measures student opportunity and economic outcomes. The second brief examines the updated Institutional Classification and its value in helping states understand the diverse missions and contributions of their colleges and universities.