Learning from the test: raising selective college enrollment by providing information

Sarena Goodman
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Sarena Goodman: https://www.federalreserve.gov/econres/sarena-f-goodman.htm

No 2013-69, Finance and Economics Discussion Series from Board of Governors of the Federal Reserve System (U.S.)

Abstract: In the last decade, five U.S. states adopted mandates requiring high school juniors to take a college entrance exam. In the two earliest-adopting states, nearly half of all students were induced into testing, and 40-45% of them earned scores high enough to qualify for selective schools. Selective college enrollment rose by 20% following implementation of the mandates, with no effect on overall attendance. I conclude that a large number of high-ability students appear to dramatically underestimate their candidacy for selective colleges. Policies aimed at reducing this information shortage are likely to increase human capital investment for a substantial number of students.

Date: 2013
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