(De)Glossing Financial Aid: Do Colleges and Universities Actually Use Financial Student Aid Jargon?

Peer Effects, Financial Aid, and Selection of Students into Colleges and Universities: An Empirical Analysis∗

This paper develops a model in which colleges seek to maximize the quality of the educational experience provided to their students. We deduce predictions about the hierarchy of schools that emerges in equilibrium, the allocation of students by income and ability among schools, and about the pricing policies that schools adopt. The empirical findings of this paper suggest that there is a hierar...

Financial Aid and College Persistence

Using data from two freshmen cohorts at a public research university (N = 3,730), this study examines the relationship between loan aid and second-year enrollment persistence. Applying a counterfactual analytical framework that relies on propensity score (PS) weighing and matching to address selection bias associated with treatment status, the study estimates that loan aid exerts a significant ...

Journal of Student Financial Aid Vol 41 No 2 2011

Multicriteria decision aid in financial management

The ®nancial decisions of an organization are usually included in the context of optimization. Concerning a longterm period, there are decisions related to the optimal allocation of funds, and decisions related to the optimal ®nancial structure. In the short-term case, the decisions are related to the optimization of stocks, cash, accounts receivable, current liabilities, etc. The ®nancial theo...

Financial aid policy: lessons from research.

In the nearly fifty years since the adoption of the Higher Education Act of 1965, financial aid programs have grown in scale, expanded in scope, and multiplied in form. As a result, financial aid has become the norm among college enrollees. Aid now flows not only to traditional college students but also to part-time students, older students, and students who never graduated from high school. To...