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

David M. Linsenmeier, Harvey Rosen () and Cecilia Elena Rouse
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David M. Linsenmeier: Princeton University
Cecilia Elena Rouse: Princeton University and NBER

The Review of Economics and Statistics, 2006, vol. 88, issue 1, 126-145

Abstract: We study the effects of a change in financial aid policy introduced by an anonymous 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 approximately 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% level. © 2006 The President and Fellows of Harvard College and the Massachusetts Institute of Technology.

JEL-codes: I20 I22 (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (53)

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