Undergraduate Financial Aid and Subsequent Giving Behavior

K. Dugan, C.H. Mullin and John Siegfried

No DP-57, Williams Project on the Economics of Higher Education from Department of Economics, Williams College

Abstract: Data on 2,822 Vanderbilt University graduates are used to investigate alumni giving behavior during the eight years after graduation. A two stage model accounting for incidental truncation is used to first estimate the likelihood of making a contribution and second estimate the average gift size conditional on contributing. The type of financial aid received as an undergraduate appears to have a greater influence on subsequent alumni generosity than the amount received. Adding some scholarship to a loan-only package or eliminating all loans from a mixed loan-grant package increases the likelihood of a subsequent contribution. Increasing the total size of the package or altering the proportions of an already mixed package appears to be inconsequential for future donations. Students who receive small merit scholarships contribute more as alumni than students who receive either no merit scholarship or a large merit scholarship.

Keywords: EDUCATION; DONATIONS (search for similar items in EconPapers)
JEL-codes: I21 I22 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2000-11
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Citations: View citations in EconPapers (2)

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