, and credit records, to identify the effects of increased student borrowing on credit-constrained students' educational …

reductions in class size from a base of 15 to 30 students have no effect on student achievement. The estimates are precise enough … the presence of black students in a class, in an of itself, has no effect on achievement. I demonstrate that estimates of …

mapped into the observed 1-5 integer scores, for over 4.5 million students. Earning higher AP integer scores positively … that receiving a score of 3 over a 2 on junior year AP exams causes students to take between 0.06 and 0.14 more AP exams …

suggests that increasing grant aid for low-income college students would enhance welfare in many U.S. settings …We estimate effects of the largest U.S. federal grant for college students using administrative data from Texas four … receipt and earnings beginning four years after entry. Estimated increases in income tax payments fully recoup government …

-based aid is simply redistribution or a method of internalizing externalities among students. Many students would like colleges … would not qualify based on need. Yet, the same students might prefer a regime of need-based aid, knowing that it would apply …

randomized controlled trials, the impact of a national and state-level campaign to encourage students to apply for financial aid … for college. The campaigns collectively reached over 800,000 students, with multiple treatment arms to investigate …

now than they were then. This paper demonstrates that competition for space--the number of students who wish to attend … to its resources and peers. In other words, students used to attend a local college regardless of their abilities and its … consequent re-sorting of students among colleges that has, at once, caused selectivity to rise in a small number of colleges …

students respond to their menus' like rational human capital investors. Whether they make the investments efficiently is … aptitude students respond to aid in a way that apparently reduces their lifetime present value. While both a lack of … sophistication/information and credit constraints can explain the behavior of this 30 percent of students, the weight of the evidence …

the Graduate PLUS loan program. Access to additional federal loans increased graduate students' borrowing and shifted the … in constrained students' persistence or degree receipt. We document that among programs in which a larger share of … graduate students had exhausted their annual federal loan eligibility before the policy change--and thus were more exposed to …