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 …

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 …

barriers to higher education, we estimate the distribution of the value of financial aid for prospective students, and relate … constraints affecting a sizable share of prospective students. We find that most of the individuals are willing to pay a sizable … students, with preferences, in particular discount factors, playing a key role in accounting for this variation …

of the value of financial aid for prospective students, and relate it to parental socio-economic background, individual … skills, risk and time preferences. Our results point out that a considerable share of prospective students are affected by …,000 loan. The willingness-to-pay for financial aid is highly heterogeneous across students, with preferences and in particular …