Peer Effects Financial Aid And Selection Of Students Into Colleges And Universities

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Peer Effects, Financial Aid, and Selection of Students Into Colleges and Universities

Author : Dennis Epple
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Peer Effects, Financial Aid, and Selection of Students Into Colleges and Universities by : Dennis Epple

Download or read book Peer Effects, Financial Aid, and Selection of Students Into Colleges and Universities written by Dennis Epple and published by . This book was released on 2001 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The goal of this paper is to develop predictions regarding market consequences of peer effects in higher education and to offer empirical evidence about the extent to which those predictions are borne out in the data. We develop a model in which colleges seek to maximize the quality of the educational experience provided to their students. From this model we deduce predictions about the hierarchy of schools that emerges in equilibrium, the allocation of students by income and ability among schools, and about the pricing policies that schools adopt. In the empirical analysis, we use both university-level data provided primarily by Petersons and student-level data from the National Postsecondary Student Aid Study obtained from the NCES. The findings of this paper suggest that there is a hierarchy of school qualities which is characterized by substantial stratification by income and ability. The evidence on pricing by ability is supportive of positive peer effects in educational achievement from high ability at the college level. However, the evidence on pricing also suggests that more highly ranked schools exercise some degree of market power. This is reflected in the substantial variation of price with income coupled with discounts to more able students that are modest at best.

College Choices

Author : Caroline M. Hoxby
Publisher : University of Chicago Press
ISBN 13 : 0226355373
Total Pages : 447 pages
Book Rating : 4.2/5 (263 download)

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Book Synopsis College Choices by : Caroline M. Hoxby

Download or read book College Choices written by Caroline M. Hoxby and published by University of Chicago Press. This book was released on 2007-11-01 with total page 447 pages. Available in PDF, EPUB and Kindle. Book excerpt: Aspiring college students and their families have many options. A student can attend an in-state or an out-of-state school, a public or private college, a two-year community college program or a four-year university program. Students can attend full-time and have a bachelor of arts degree by the age of twenty-three or mix college and work, progressing toward a degree more slowly. To make matters more complicated, the array of financial aid available is more complex than ever. Students and their families must weigh federal grants, state merit scholarships, college tax credits, and college savings accounts, just to name a few. In College Choices, Caroline Hoxby and a distinguished group of economists show how students and their families really make college decisions—how they respond to financial aid options, how peer relationships figure in the decision-making process, and even whether they need mentoring to get through the admissions process. Students of all sorts are considered—from poor students, who may struggle with applications and whether to continue on to college, to high aptitude students who are offered "free rides" at elite schools. College Choices utilizes the best methods and latest data to analyze the college decision-making process, while explaining how changes in aid and admissions practices inform those decisions as well.

The Effect of College and University Endowments on Financial Aid, Admissions, and Student Composition

Author : George Bulman
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (134 download)

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Book Synopsis The Effect of College and University Endowments on Financial Aid, Admissions, and Student Composition by : George Bulman

Download or read book The Effect of College and University Endowments on Financial Aid, Admissions, and Student Composition written by George Bulman and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines how private college and university endowments affect financial aid, admissions selectivity, and the economic and racial composition of incoming students. Because endowment levels are a function of expenditures and alumni giving, which are endogenous to the outcomes of interest, the design exploits changes in endowments stemming from variation in investment returns over time and across peer institutions. Estimates reveal that growing endowments generate large and persistent increases in spending overall and for instruction, student services, and administration in particular. However, wealthier colleges and universities do not increase the number of students they serve or the fraction of students receiving aid, and only modestly increase the generosity of aid packages. Instead, these institutions offset higher freshman yield rates by becoming more selective and enrolling fewer low-income students and students of color. Overall, colleges and universities appear to use greater endowment wealth to increase spending and to become more selective, resulting in higher institutional rankings, but do not increase the size or diversity of their student bodies. The results are important in light of the preferential tax treatment of endowments and interest in increasing access to elite postsecondary education for underserved populations.

Handbook of Social Economics SET: 1A, 1B

Author : Jess Benhabib
Publisher : Newnes
ISBN 13 : 0444537139
Total Pages : 1509 pages
Book Rating : 4.4/5 (445 download)

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Book Synopsis Handbook of Social Economics SET: 1A, 1B by : Jess Benhabib

Download or read book Handbook of Social Economics SET: 1A, 1B written by Jess Benhabib and published by Newnes. This book was released on 2011 with total page 1509 pages. Available in PDF, EPUB and Kindle. Book excerpt: How can economists define and measure social preferences and interactions? Through the use of new economic data and tools, our contributors survey an array of social interactions and decisions that typify homo economicus. Identifying economic strains in activities such as learning, group formation, discrimination, and the creation of peer dynamics, they demonstrate how they tease out social preferences from the influences of culture, familial beliefs, religion, and other forces. Advances our understanding about quantifying social interactions and the effects of culture Summarizes research on theoretical and applied economic analyses of social preferences Explores the recent willingness among economists to consider new arguments in the utility function

The Effect of College and University Endowments on Financial Aid, Admissions, and Student Composition

Author : George Bulman
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (134 download)

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Book Synopsis The Effect of College and University Endowments on Financial Aid, Admissions, and Student Composition by : George Bulman

The Effects of Tuition and Student Financial Aid on Persistence in Public Four-year Colleges and Universities

Author : Kyungseok Kang
Publisher :
ISBN 13 :
Total Pages : 530 pages
Book Rating : 4.:/5 (89 download)

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Book Synopsis The Effects of Tuition and Student Financial Aid on Persistence in Public Four-year Colleges and Universities by : Kyungseok Kang

Download or read book The Effects of Tuition and Student Financial Aid on Persistence in Public Four-year Colleges and Universities written by Kyungseok Kang and published by . This book was released on 1993 with total page 530 pages. Available in PDF, EPUB and Kindle. Book excerpt:

A Problem of Fit

Author : Phillip B. Levine
Publisher : University of Chicago Press
ISBN 13 : 0226818543
Total Pages : 201 pages
Book Rating : 4.2/5 (268 download)

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Book Synopsis A Problem of Fit by : Phillip B. Levine

Download or read book A Problem of Fit written by Phillip B. Levine and published by University of Chicago Press. This book was released on 2022-04-22 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: A critical examination of the complex system of college pricing—how it works, how it fails, and how fixing it can help both students and universities. How much does it cost to attend college in the United States today? The answer is more complex than many realize. College websites advertise a sticker price, but uncovering the actual price—the one after incorporating financial aid—can be difficult for students and families. This inherent uncertainty leads some students to forgo applying to colleges that would be the best fit for them, or even not attend college at all. The result is that millions of promising young people may lose out on one of society’s greatest opportunities for social mobility. Colleges suffer too, losing prospective students and seeing lower enrollments and less socioeconomic diversity. If markets require prices to function well, then the American higher-education system—rife as it is with ambiguity in its pricing—amounts to a market failure. In A Problem of Fit, economist Phillip B. Levine explains why institutions charge the prices they do and discusses the role of financial aid systems in facilitating—and discouraging—access to college. Affordability issues are real, but price transparency is also part of the problem. As Levine makes clear, our conversations around affordability and free tuition miss a larger truth: that the opacity of our current college-financing systems is a primary driver of inequities in education and society. In a clear-eyed assessment of educational access and aid in a post-COVID-19 economy, A Problem of Fit offers a trenchant new argument for educational reforms that are well within reach.

Keeping College Affordable

Author : Michael S. McPherson
Publisher : Brookings Institution Press
ISBN 13 : 0815716699
Total Pages : 279 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis Keeping College Affordable by : Michael S. McPherson

Download or read book Keeping College Affordable written by Michael S. McPherson and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: As Congress debates the reauthorization of the basic federal student aid legislation, and as governors and state legislators cope with increasingly severe budgetary problems of their own, the issues of preserving college opportunity and sharing the burden of college costs are particularly critical and timely. This book assesses the role of government subsidies for higher education—especially but not exclusively federal student aid—in keeping college affordable for Americans of all economic and social backgrounds. The authors examine the effects of student aid policies of the last twenty years. They address several vital questions, including: Has federal student aid encouraged the enrollment and broadened the educational choices of disadvantaged students? Has it made higher education institutions more secure and educationally more effective—or has it raised costs and prices as schools try to capture additional aid? Has federal student aid made the distribution of higher education's benefits, and the sharing of costs, fairer? And what are the likely trends in patterns of college affordability? Drawing on their analysis, the authors highlight some of the principal dimensions of policy choice on which the debate has focused, as well as some that have been relatively neglected. Building upon their conclusion that student aid works, they propose reforms that would bolster the role of income-tested aid in the overall student financing picture. McPherson and Schapiro recommend a number of incremental reforms that could improve the effectiveness of existing federal aid programs and present a proposal to replace a substantial fraction of state-operating subsidies to colleges and universities with expanded federal aid.

Purposes and Effects of Student Financial Aid

Author :
Publisher :
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.:/5 ( download)

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Book Synopsis Purposes and Effects of Student Financial Aid by :

Download or read book Purposes and Effects of Student Financial Aid written by and published by . This book was released on 1986 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Handbook of the Economics of Education

Author : Eric A. Hanushek
Publisher : Elsevier
ISBN 13 : 0080465676
Total Pages : 743 pages
Book Rating : 4.0/5 (84 download)

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Book Synopsis Handbook of the Economics of Education by : Eric A. Hanushek

Download or read book Handbook of the Economics of Education written by Eric A. Hanushek and published by Elsevier. This book was released on 2006-10-30 with total page 743 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Handbooks in Economics series continues to provide the various branches of economics with handbooks which are definitive reference sources, suitable for use by professional researchers, advanced graduate students, or by those seeking a teaching supplement. With contributions from leading researchers, each Handbook presents an accurate, self-contained survey of the current state of the topic under examination. These surveys summarize the most recent discussions in journals, and elucidate new developments. Although original material is also included, the main aim of this series is the provision of comprehensive and accessible surveys*Every volume contains contributions from leading researchers*Each Handbook presents an accurate, self-contained survey of a particular topic *The series provides comprehensive and accessible surveys

The Privileged Poor

Author : Anthony Abraham Jack
Publisher : Harvard University Press
ISBN 13 : 0674239660
Total Pages : 289 pages
Book Rating : 4.6/5 (742 download)

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Book Synopsis The Privileged Poor by : Anthony Abraham Jack

Download or read book The Privileged Poor written by Anthony Abraham Jack and published by Harvard University Press. This book was released on 2019-03-01 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: An NPR Favorite Book of the Year “Breaks new ground on social and educational questions of great import.” —Washington Post “An essential work, humane and candid, that challenges and expands our understanding of the lives of contemporary college students.” —Paul Tough, author of Helping Children Succeed “Eye-opening...Brings home the pain and reality of on-campus poverty and puts the blame squarely on elite institutions.” —Washington Post “Jack’s investigation redirects attention from the matter of access to the matter of inclusion...His book challenges universities to support the diversity they indulge in advertising.” —New Yorker The Ivy League looks different than it used to. College presidents and deans of admission have opened their doors—and their coffers—to support a more diverse student body. But is it enough just to admit these students? In this bracing exposé, Anthony Jack shows that many students’ struggles continue long after they’ve settled in their dorms. Admission, they quickly learn, is not the same as acceptance. This powerfully argued book documents how university policies and campus culture can exacerbate preexisting inequalities and reveals why some students are harder hit than others.

Peer Effects in Higher Education

Author : Gordon C. Winston
Publisher :
ISBN 13 :
Total Pages : 41 pages
Book Rating : 4.:/5 (248 download)

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Book Synopsis Peer Effects in Higher Education by : Gordon C. Winston

Download or read book Peer Effects in Higher Education written by Gordon C. Winston and published by . This book was released on 2003 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: In this chapter, we describe the potential significance of student peer effects for the economic structure of and behavior in higher education. Their existence would motivate much of the restricted supply, student queuing, and selectivity and institutional competition via merit aid and honors colleges that we see in American higher education; their (appropriate) non-linearity could justify the resulting stratification of higher education as an efficient way to produce human capital. In addition, we use data from the College and Beyond entering class of 1989, combined with phonebook data identifying roommates, to implement a quasi-experimental empirical strategy aimed at measuring peer effects in academic outcomes. In particular, we use data on individual students' grades, SAT scores, and the SAT scores of their roommates at three schools to estimate the effect of roommates' academic characteristics on an individual's grades. The results suggest that, for two of the three schools used, students in the middle of the SAT distribution do somewhat worse in terms of grades if they share a room with a student who is in the bottom 15 percent of the SAT distribution. Students in the top of the SAT distribution appear often not to be affected by the SAT scores of their roommates. These results are similar to those reported in earlier research using data from Williams (Zimmerman) and Dartmouth (Sacerdote).

Handbook of Social Economics

Author : Jess Benhabib
Publisher : Elsevier
ISBN 13 : 0444537074
Total Pages : 570 pages
Book Rating : 4.4/5 (445 download)

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Book Synopsis Handbook of Social Economics by : Jess Benhabib

Download or read book Handbook of Social Economics written by Jess Benhabib and published by Elsevier. This book was released on 2010-11-12 with total page 570 pages. Available in PDF, EPUB and Kindle. Book excerpt: Through the use of new economic data and tools, the contributors survey an array of social interactions and decisions that typify homo economicus. Their work brings order to the sometimes conflicting claims that countries, environments, beliefs, and other influences make on our economic decisions.

Paying the Price

Author : Sara Goldrick-Rab
Publisher : University of Chicago Press
ISBN 13 : 022640448X
Total Pages : 382 pages
Book Rating : 4.2/5 (264 download)

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Book Synopsis Paying the Price by : Sara Goldrick-Rab

Download or read book Paying the Price written by Sara Goldrick-Rab and published by University of Chicago Press. This book was released on 2016-09-01 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt: A “bracing and well-argued” study of America’s college debt crisis—“necessary reading for anyone concerned about the fate of American higher education” (Kirkus). College is far too expensive for many people today, and the confusing mix of federal, state, institutional, and private financial aid leaves countless students without the resources they need to pay for it. In Paying the Price, education scholar Sara Goldrick-Rab reveals the devastating effect of these shortfalls. Goldrick-Rab examines a study of 3,000 students who used the support of federal aid and Pell Grants to enroll in public colleges and universities in Wisconsin in 2008. Half the students in the study left college without a degree, while less than 20 percent finished within five years. The cause of their problems, time and again, was lack of money. Unable to afford tuition, books, and living expenses, they worked too many hours at outside jobs, dropped classes, took time off to save money, and even went without adequate food or housing. In many heartbreaking cases, they simply left school—not with a degree, but with crippling debt. Goldrick-Rab combines that data with devastating stories of six individual students, whose struggles make clear the human and financial costs of our convoluted financial aid policies. In the final section of the book, Goldrick-Rab offers a range of possible solutions, from technical improvements to the financial aid application process, to a bold, public sector–focused “first degree free” program. "Honestly one of the most exciting books I've read, because [Goldrick-Rab has] solutions. It's a manual that I'd recommend to anyone out there, if you're a parent, if you're a teacher, if you're a student."—Trevor Noah, The Daily Show

A Quasi-experimental Estimate of the Impact of Financial Aid on College-going

Author : Thomas J. Kane
Publisher :
ISBN 13 :
Total Pages : 84 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis A Quasi-experimental Estimate of the Impact of Financial Aid on College-going by : Thomas J. Kane

Download or read book A Quasi-experimental Estimate of the Impact of Financial Aid on College-going written by Thomas J. Kane and published by . This book was released on 2003 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although state and federal governments heavily subsidize the price of college, estimates of the impact of these subsidies on college enrollment have not been well-identified. I use a regression discontinuity design to study the impact of the CalGrant program in California on college going. Eligibility requires students to meet minimum thresholds on three characteristics: income, assets and high school Grade Point Average. Because there are several dimensions of eligibility, the analysis allows for specification tests, estimating any discontinuities along a given dimension of eligibility, dependent upon whether one satisfied the other two dimensions of eligibility. The paper uses a novel data collection strategy to measure subsequent college enrollment for 150,000 financial aid applicants in 1998 and 1999. The results suggest large impacts (3 to 4 percentage points) of grant eligibility on college enrollment among financial aid applicants, with larger impacts on the choice of private four-year colleges in California.

The College Aid Quandary

Author : Lawrence Gladieux
Publisher : Brookings Institution Press
ISBN 13 : 9780815707240
Total Pages : 114 pages
Book Rating : 4.7/5 (72 download)

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Book Synopsis The College Aid Quandary by : Lawrence Gladieux

Download or read book The College Aid Quandary written by Lawrence Gladieux and published by Brookings Institution Press. This book was released on 2011-04-01 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: Each year, millions of American families struggle with the expense of higher education. For the past fifty years, the U.S. government has helped students and families pay for college; but with the entire domestic policy agenda in flux, federal aid to education hangs in the balance. This book analyzes government policies for helping students pay for education beyond high school. It is being published at a time when aid to education is a prominent issue in battles over the federal budget and policymakers are debating the need for and effectiveness of federal student assistance programs. Starting with the post-World War II GI Bill, the book reviews the 50-year history of federal student aid legislation, assesses the results, and identifies trends and problems that cloud the future of this critically important national effort. The authors draw on the thinking of the country's top experts in examining the rationale and structure of the student aid system and how it might more effectively expand college opportunities while ensuring educational quality. Their analysis encourages policymakers to consider the multiple objectives of government aid—not just getting more students into college, but promoting student success and degree completion. The book offers a framework for future policy debates aimed at improving a system vital to America's economic future and its continued promise of opportunity. Copublished with the College Board / Dialogue on Public Policy

Crafting a Class

Author : Elizabeth A. Duffy
Publisher : Princeton University Press
ISBN 13 : 1400864682
Total Pages : 321 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Crafting a Class by : Elizabeth A. Duffy

Download or read book Crafting a Class written by Elizabeth A. Duffy and published by Princeton University Press. This book was released on 2014-07-14 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: Admissions and financial aid policies at liberal arts colleges have changed dramatically since 1955. Through the 1950s, most colleges in the United States enrolled fewer than 1000 students, nearly all of whom were white. Few colleges were truly selective in their admissions; they accepted most students who applied. In the 1960s, as the children of the baby boom reached college age and both federal and institutional financial aid programs expanded, many more students began to apply to college. For the first time, liberal arts colleges were faced with an abundance of applicants, which raised new questions. What criteria would they use to select students? How would they award financial aid? The answers to these questions were shaped by financial and educational considerations as well as by the struggles for civil rights and gender equality that swept across the nation. The colleges' answers also proved crucial to their futures, as the years since the mid-1970s have shown. When the influx of baby boom students slowed, colleges began to recruit aggressively in order to maintain their class sizes. In the past decade, financial aid has become another tool that colleges use to compete for the best students. By tracing the development of competitive admission and financial aid policies at a selected group of liberal arts colleges, Crafting a Class explores how institutional decisions reflect and respond to broad demographic, economic, political, and social forces. Elizabeth Duffy and Idana Goldberg closely studied sixteen liberal arts colleges in Massachusetts and Ohio. At each college, they not only collected empirical data on admissions, enrollment, and financial aid trends, but they also examined archival materials and interviewed current and former administrators. Duffy and Goldberg have produced an authoritative and highly readable account of some of the most important changes that have taken place in American higher education during the tumultuous decades since the mid-1950s. Crafting a Class will interest all readers who are concerned with the past and future directions of higher education in the United States. Originally published in 1997. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.