 The role of information in the application for highly selective scholarships: Evidence from a randomized field experimentStefanie P. Herber Economics of Education Review, 2018, vol. 62, issue C, 287-301 Abstract: This paper analyzes whether information asymmetries prevent students from a non-academic background, i.e., students who are the first in their families to study, from applying for highly selective scholarships. I randomly assigned German higher education students to receive either general information on these scholarships or additionally personalized information on details of the application process conveyed by a similar role model. The combination of the general information with the role model interview significantly increased application probabilities for scholarships of students from non-academic families. Providing general information on the scholarship system only triggered students’ own information search for alternative funding sources and increased application rates for other not federally funded scholarships. Keywords: Information asymmetries; Student financial aid; Merit-based scholarship; Role model; Field experiment (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:ecoedu:v:62:y:2018:i:c:p:287-301 DOI: 10.1016/j.econedurev.2017.12.001 Access Statistics for this article Economics of Education Review is currently edited by E. Cohn More articles in Economics of Education Review from Elsevier |
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