- Title
- Financial Aid Packages and College Enrollment Decisions: An Econometric Case Study
- Author(s)
- David M. Linsenmeier David Linsenmeier (Princeton University)
- Harvey S. Rosen Harvey Rosen (Princeton University and NBER)
- Cecilia Elena Rouse Cecilia Rouse (Princeton University and NBER)
- 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 about twice that size and statistically significant at the 10 percent level.
- Creation Date
- 2001-11
- Section URL ID
- IRS
- Paper Number
- 459
- URL
- https://dataspace.princeton.edu/bitstream/88435/dsp01m900nt41h/1/459.pdf
- File Function
- Jel
- P27, P28
- Keyword(s)
- financial aid, grants, loans, jobs
- Suppress
- false
- Series
- 1