Abstract

We jointly model the application, admission, financial aid determination, and enrollment decision process. We find that expectations of admission affect application probabilities, financial aid expectations affect enrollment and application behavior, and deviations from aid expectations are strongly related to enrollment. We also conduct simulations on important policy variables.

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Additional Information

ISSN
1538-4640
Print ISSN
0022-1546
Pages
pp. 381-429
Launched on MUSE
2006-05-02
Open Access
No
Archive Status
Archived
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