Financial Aid and Higher Education Enrollment in Chile: A Government Policy Analysis

Francisco Meneses () and Christian Blanco ()

MPRA Paper from University Library of Munich, Germany

Abstract: This paper evaluates the impact of the Chilean government's nancial aid on college and vocational education enrollment. We found that there is an endogenous process in the application for nancial aid. To solve this problem we use a two-step procedure with instrumental variables (IV) and found that nancial aid increases the probability of students going to college by over 30%. In the case of vocational education, we found that being pre-selected for college nancial aid decreases the enrollment. However, vocational nancial aid increases that probability of enrollment. Therefore, students choose college education over vocational education when they have nancial aid for both. Theoretical conclusion and public policy recommendations are provided.

Keywords: Financial aid; college enrollment; Chile; education; public policy. (search for similar items in EconPapers)
JEL-codes: I21 I22 I28 (search for similar items in EconPapers)
Date: 2010-06-09
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:23321

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