of the value of financial aid for prospective students. Our results point out that a considerable share of prospective … students are affected by credit constraints. We find that most of the individuals are willing to pay a sizable interest premium … points for a $1,000 loan. The willingness-to-pay for financial aid is highly heterogeneous across students, with preferences …

volatility in future income is transferred from risk-averse students to the risk-neutral state. However, a double moral hazard … problem arises when students' efforts to raise lifetime income and universities' activities to improve teaching quality are …

of students, though rates have risen at flagship universities. Finally, despite some weak association with increased …

College students now use various forms of unsecured credit such as private student loans and credit cards to finance …

(baseline: 69%) for high-school graduates who come from a state with tuition fees. Moreover, we find that students with lower … high-school grades react more strongly to tuition fees. This might have important effects on the composition of students …

Students from low-income families are eligible to student aid under the federal students' financial assistance scheme … received by eligible students to raise enrolment rates into tertiary education. We view this reform as a quot …

We study the evolution of a campus-based aid program for low-income students that began with grant-heavy financial aid … years (2004–2006), in which students received additional institutional grant aid and few non-financial supports, improved … postsecondary progress, performance, or completion. In contrast, program-eligible students in more recent cohorts (2007–2010), when …

's HOPE Scholarship has affected students' college major decisions, with a focus on STEM majors. We find consistent evidence …