You are here:

The impact of merit-based financial aid on college enrollment: A field experiment
ARTICLE

Economics of Education Review Volume 28, Number 1 ISSN 0272-7757 Publisher: Elsevier Ltd

Abstract

Merit-based financial aid awards have become increasingly prevalent in the pricing policies of higher education institutions. This study utilizes an experiment to estimate the efficacy of merit-aid awards in achieving the institutional objective of attracting the most academically desirable applicants. I find that merit aid has a statistically significant but inelastic effect on enrollment of extremely high ability students. Additionally, the setting of this paper allows for a test of whether students respond to the framing of price in making enrollment decisions (i.e. price illusion), holding net price constant. There is weak evidence in support of price illusion among this set of students.

Citation

Monks, J. The impact of merit-based financial aid on college enrollment: A field experiment. Economics of Education Review, 28(1), 99-106. Elsevier Ltd. Retrieved January 28, 2020 from .

This record was imported from Economics of Education Review on March 1, 2019. Economics of Education Review is a publication of Elsevier.

Full text is availabe on Science Direct: http://dx.doi.org/10.1016/j.econedurev.2008.03.002

Keywords

References

View References & Citations Map

These references have been extracted automatically and may have some errors. Signed in users can suggest corrections to these mistakes.

Suggest Corrections to References