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 …

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 …

trends or other non-idiosyncratic forces. I find that students are affected by the achievement level of their peers: a …