We conduct a survey-based experiment with 2,776 students at a non-profit university to analyze income insurance demand … in education financing. We offered students a hypothetical choice: either a federal loan with income-driven repayment or … ISA uptake by 43%. We observe that students are responsive to changes in contract terms and possible student loan …

-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 …

As a companion paper to our work on students' application and colleges' admission decisions, we have estimated a joint …

federal student loans to students who have received information about financial aid but have not made a borrowing decision. A … treatment reminding students that they need not borrow the maximum amount of available loan aid does not affect borrowing …. Treatments referencing amounts borrowed by recent graduates shift students from borrowing the maximum amount to not borrowing …

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 …

For-profit providers are becoming an increasingly important fixture of US higher education markets. Students who attend … than students attending similarly-selective public schools. Because for-profits tend to serve students from more …. The first-stage estimates show that students are much more likely to enroll in a for-profit institution for a given labor …

- assigned STBF awards boost bachelor's (BA) degree completion for students targeting four-year schools by about 8 points. Degree …-generation students, and for students with relatively weak academic preparation …