The role of information in the application for highly selective scholarships: Evidence from a randomized field experiment
Economics of Education Review Volume 62, Number 1, ISSN 0272-7757 Publisher: Elsevier Ltd
This paper analyzes whether information asymmetries prevent students from a non-academic background, i.e., students who are the first in their families to study, from applying for highly selective scholarships. I randomly assigned German higher education students to receive either general information on these scholarships or additionally personalized information on details of the application process conveyed by a similar role model. The combination of the general information with the role model interview significantly increased application probabilities for scholarships of students from non-academic families. Providing general information on the scholarship system only triggered students’ own information search for alternative funding sources and increased application rates for other not federally funded scholarships.
Herber, S.P. (2018). The role of information in the application for highly selective scholarships: Evidence from a randomized field experiment. Economics of Education Review, 62(1), 287-301. Elsevier Ltd.