Information Constraints and Financial Aid Policy

Judith Scott-Clayton

No 17811, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: One justification for public support of higher education is that prospective students, particularly those from underprivileged groups, lack complete information about the costs and benefits of a college degree. Beyond financial considerations, students may also lack information about what they need to do academically to prepare for and successfully complete college. Yet until recently, college aid programs have typically paid little attention to students' information constraints, and the complexity of some programs can exacerbate the problem. This chapter describes the information problems facing prospective students as well as their consequences, drawing upon economic theory and empirical evidence.

JEL-codes: I22 I23 I24 I28 (search for similar items in EconPapers)
Date: 2012-02
Note: ED
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Citations: View citations in EconPapers (24)

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