, Volume 40, Issue 3, pp 247-259

MEASURING THE IMPACT OF INCOME AND FINANCIAL AID OFFERS ON COLLEGE ENROLLMENT DECISIONS

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Abstract

This study analyzes the impact of demographic,socioeconomic, and financial factors on the enrollmentbehavior of accepted college applicants. The receipt offinancial aid had a positive impact on the enrollment decisions of accepted applicants. For every$1,000 increase in the amount of aid offered, theprobability of enrollment increased between 1.1% and2.5%. Grants and loans had the expected positive impact on enrollment, but work study did not enticeprospective students unless it was packaged with somegrant or loan assistance. Upper-income applicants wereless likely to enroll at this institution regardless of financial aid incentives.