undergraduate students' enrolment choices. A before-after estimator with differential treatment intensities is used to investigate … student enrolments and enrolment of students with better entry qualifications after the VTR. Our analysis demonstrates that … enrolment by 5.8%. The effects are larger for high-quality students, namely those with better high school final marks (8.3%) or …

concentrated among higher and medium-ability students, while lower-ability students receiving financial assistance are discouraged …