Research in Higher Education

, Volume 40, Issue 3, pp 247–259

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

  • Andrew Braunstein
  • Michael Mcgrath
  • Donn Pescatrice
Article

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.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

REFERENCES

  1. Astin, A. (1975). Preventing Students from Dropping Out. San Francisco: Jossey-Bass.Google Scholar
  2. Cabrera, A. F., Nora, A., and Castaneda, M. B. (1992). The role of finances in the persistence process: A structural model. Research in Higher Education33(5): 571-593.Google Scholar
  3. Carlson, D. E. (1975). A Flow of Funds Model for Assessing the Impact of Alternative Student Aid Programs. Menlo Park, CA: Stanford Research Institute.Google Scholar
  4. Leslie, L. I., and Brinkman, P. T. (1988). The Economic Value of Higher Education. San Francisco: Jossey-Bass.Google Scholar
  5. McGrath, M., and Braunstein, A. (1997). The prediction of freshmen attrition: An examination of the importance of certain demographic, academic, financial, and social factors. College Student Journal31(3): 396-408.Google Scholar
  6. McPherson, M. S., and Shapiro, M. O. (1989). Measuring the Effects of Federal Student Aid: An Assessment of Some Methodological and Empirical Problems. Washington, D.C.: Pelavia Associates.Google Scholar
  7. Orfield, G. (1992). Money, equity, and college access. Harvard Educational Review62: 337-372.Google Scholar
  8. St. John, E. P. (1989a). The influence of student aid on persistence. Journal of Student Financial Aid19(3): 52-68.Google Scholar
  9. St. John, E. P. (1989b). The impact of student aid on access to higher education: An analysis of progress with special consideration of minority enrollm ent. Research in Higher Education30: 563-581.Google Scholar
  10. St. John, E. P. (1990a). Price response in enrollment decisions: An analysis of the high school and beyond sophomore cohort. Research in Higher Education31(2): 161-176.Google Scholar
  11. St. John, E. P. (1990b). Price response in persistence decisions: An analysis of the high School and beyond sophomore cohort. Research in Higher Education31(4): 387-403.Google Scholar
  12. St. John, E. P. (1992). Workable models for institutional research on the impact of student financial aid. Journal of Student Financial Aid22(3): 13-26.Google Scholar
  13. St. John, E. P. (1993). Untangling the web: Using price-response measures in enrollment projections. Journal of Higher Education64(6): 676-695.Google Scholar
  14. St. John, E. P. (1994). Assessing tuition and student aid strategies: Using price-response measures to simulate pricing alternatives. Research in Higher Education35(3): 301-334.Google Scholar
  15. St. John, E. P., and Somers, P. A. (1993). Assessing the impact of financial aid offers on enrollm ent decisions. Journal of Student Financial Aid23(3): 7-12.Google Scholar
  16. St. John, E. P., Andrieu, S., and Oescher, J. (1992). Price-response in within-year persistence by traditional college-age students in four-year colleges. Journal of Student Financial Aid22(1): 27-38.Google Scholar
  17. St. John, E. P., Andrieu, S., Oescher, J., and Starkey, J. B. (1994). The influence of student aid on within-year persistence by traditional college-age students in four-year colleges. Research in Higher Education35(4): 455-480.Google Scholar
  18. Somers, P. A. (1993). Are mondo scholarships effective? Journal of Student Financial Aid23(2): 37-38.Google Scholar
  19. Tinto, V. (1987). Leaving College: Rethinking the Causes and Cures of Student Attrition, 1st ed. Chicago: University of Chicago Press.Google Scholar
  20. Tinto, V. (1993). Leaving College: Rethinking the Causes and Cures of Student Attrition, 2nd ed. Chicago: University of Chicago Press.Google Scholar

Copyright information

© Human Sciences Press, Inc. 1999

Authors and Affiliations

  • Andrew Braunstein
  • Michael Mcgrath
  • Donn Pescatrice

There are no affiliations available

Personalised recommendations