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Cited by 722Higher Education Research StudiesSchool Choice and PerformanceIntergenerational and Educational Inequality Studies

Estimating the Effect of Financial Aid Offers on College Enrollment: A Regression–Discontinuity Approach*

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Van Der Klaauw, Wilbert·2002·International Economic Review
DOI 10.1111/1468-2354.t01-1-00055
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Abstract

An important problem faced by colleges and universities, that of evaluating the effect of their financial aid offers on student enrollment decisions, is complicated by the likely endogeneity of the aid offer variable in a student enrollment equation. This article shows how discontinuities in an East Coast college's aid assignment rule can be exploited to obtain credible estimates of the aid effect without having to rely on arbitrary exclusion restrictions and functional form assumptions. Semiparametric estimates based on a regression–discontinuity (RD) approach affirm the importance of financial aid as an effective instrument in competing with other colleges for students.

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  • In van Der Klaauw (2002), effects were concentrated among applicants who also applied for need-based financial aid.

    “Even here, however, effects were concentrated among applicants who also applied for need-based financial aid.”

    From College Costs, Financial Aid, and Student Decisions (2022) · cites this paper as van Der Klaauw (2002)

  • van Der Klaauw (2002) found that applicants at one selective private institution who qualified for larger scholarships by meeting academic performance cutoffs were more likely to enroll.

    “van Der Klaauw (2002) found that applicants at one selective private institution who qualified for larger scholarships by virtue of meeting certain academic performance cutoffs were more likely to enroll.”

    From College Costs, Financial Aid, and Student Decisions (2022) · cites this paper as van Der Klaauw (2002)

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Authors
Van Der Klaauw, W.
Venue
International Economic Review
Publisher
Wiley
Published
2002-11
Volume
43
Issue
4
Pages
1249-1287
ISSN
  • 0020-6598 (ISSN-L)
  • 1468-2354
DOI
10.1111/1468-2354.t01-1-00055
OpenAlex
W1977672421
Cited by
722
References
2
Citations by year
2026: 5 · 2025: 8 · 2024: 8 · 2023: 6 · 2022: 26 · 2021: 18 · 2020: 19 · 2019: 20 · 2018: 38 · 2017: 31 · 2016: 41 · 2015: 50 · 2014: 44 · 2013: 56 · 2012: 45
FWCI
97.41
Type
journal article
Language
en
Open access
Licence
onlinelibrary.wiley.com/termsAndConditions#vor (vor, 76 d)
Locations
  • International Economic Review (publishedVersion)
  • SSRN Electronic Journal (submittedVersion)
  • RePEc: Research Papers in Economics (submittedVersion)
Topics
  • Social Sciences › Education › Higher Education Research Studies
  • Social Sciences › Education › School Choice and Performance
  • Social Sciences › Sociology and Political Science › Intergenerational and Educational Inequality Studies
Keywords
financial aid, college enrollment, university admission, endogeneity, semiparametric estimation, higher education competition, student enrollment decisions

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