This dissertation investigates the role of contemporary state- and institution-level policies in public higher education in the United States. In Chapter 1, I examine the effect of earning college credit in a statewide dual credit course on student postsecondary enrollment and early performance outcomes. I find that banking college credit in high school increases the probability that a student enrolls in college within a year of high school graduation by approximately 5 percentage points. This effect is driven by the boost in the likelihood of postsecondary enrollment at public two-year institutions for passers of career-related, technical courses (e.g., Plant Science). However, I find little evidence that banking college credit improves me...