Student Retention and Degree Completion: The Moderating Effects of Institutional Factors

Gang Peng and Yi (Jenny) Zhang

International Journal of Public Administration, 2022, vol. 45, issue 16, 1147-1155

Abstract: This study investigates the impact of institutional factors and student characteristics on student retention and degree completion, with particular attention to how institutional factors moderate the impact of student characteristics. It makes use of a five-year panel data from the College Scorecard database maintained by the US Department of Education. It uses the Feasible Generalized Least Squares model for the estimation to control for panel level heteroscedasticity and panel-specific autocorrelation. The results reveal the importance of student characteristics in affecting retention rate and completion rate. Moreover, their effects are strongly moderated by institutional factors. These findings generate insight on how to increase student retention and degree completion rates and bear implications for university administrators and public policy makers.

Date: 2022
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DOI: 10.1080/01900692.2021.1961149

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