on ex post outcomes impose a rational structure of expectations on school performance and post-graduation earnings …Students' choices in education can only be based on expected outcomes. Econometric models that infer expectations based … countries and check for relations of expected probability to graduate and of expected earnings with personal abilities and …

number of for-profit institutions is double the official count and the number of students enrolled during the year is between … students cannot apply for federal financial aid. The dollar value of the premium is about equal to the amount of grant aid and … loan subsidy received by students in eligible institutions, lending some credence to a variant of the "Bennett hypothesis …

study, we focus on the reliability of students’ earnings expectations. To what extent is observed log earnings expectations …