TY - JOUR
T1 - Financial aid packages and college enrollment decisions
T2 - An econometric case study
AU - Linsenmeier, David M.
AU - Rosen, Harvey S.
AU - Rouse, Cecilia Elena
PY - 2006/2
Y1 - 2006/2
N2 - We study the effects of a change in financial aid policy introduced by an anonymous university in 1998. Prior to that time, the university's financial aid packages for low-income students consisted of grants, loans, and campus jobs. After the change, the entire loan portion of the package for low-income students was replaced with grants. We find the program increased the likelihood of matriculation by low-income students by approximately 3 percentage points, although the effect is not statistically significant. The effect among low-income minority students was between 8 and 10 percentage points and statistically significant at the 10% level.
AB - We study the effects of a change in financial aid policy introduced by an anonymous university in 1998. Prior to that time, the university's financial aid packages for low-income students consisted of grants, loans, and campus jobs. After the change, the entire loan portion of the package for low-income students was replaced with grants. We find the program increased the likelihood of matriculation by low-income students by approximately 3 percentage points, although the effect is not statistically significant. The effect among low-income minority students was between 8 and 10 percentage points and statistically significant at the 10% level.
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U2 - 10.1162/003465306775565819
DO - 10.1162/003465306775565819
M3 - Article
AN - SCOPUS:32544440422
SN - 0034-6535
VL - 88
SP - 126
EP - 145
JO - Review of Economics and Statistics
JF - Review of Economics and Statistics
IS - 1
ER -