to a proliferation of financial aid policy in the U.S. and around the world. More students are receiving more aid today … outside the U.S. on the causal impact of a variety of financial aid policies and programs on students' college decisions …

This paper studies the causal impacts of public universities on the outcomes of their marginally admitted students. I … American public university students, to systematically identify and employ decentralized cutoffs in SAT/ACT scores that …-10 percent more than their marginally rejected but otherwise identical counterpart. Marginally admitted students pay no …

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 …

themselves. We also find that PhD production is negatively related to the total number of students and the share of total BAs …

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

informational and social support barriers to college application and enrollment among socioeconomically disadvantaged students …. Students who were randomly assigned to the program felt more supported during the college application process and applied more … intermediate outcomes were larger for the types of students we anticipated would most need additional support during the college …

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 …

college exposure to female instructors and students, consistent with a wider role for women's colleges in increasing female …

-semester students, although instructors continued to record letter grades. We identify the causal effect of the policy on course choice … and performance, using a regression-discontinuity-in-time design. Students shifted to lower-grading STEM courses in the … first semester, but did not increase their engagement with STEM in later semesters. Letter grades of first-semester students …

economic and racial composition of incoming students. Because endowment levels are a function of expenditures and alumni giving … colleges and universities do not increase the number of students they serve or the fraction of students receiving aid, and only … more selective and enrolling fewer low-income students and students of color. Overall, colleges and universities appear to …