Financial Aid Packages and College Enrollment Decisions: An Econometric Case Study

David M. Linsenmeier, Harvey Rosen () and Cecilia Elena Rouse

No 9228, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: We study the effects of a change in financial aid policy introduced by a Northeastern 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 about 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 percent level.

JEL-codes: I2 (search for similar items in EconPapers)
Date: 2002-09
Note: CH LS PE ED
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