Assessing the College Financial Aid Work Penalty

Autor/in	Darolia, Rajeev
Titel	Assessing the College Financial Aid Work Penalty
Quelle	In: Journal of Higher Education, 88 (2017) 3, S.350-375 (26 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0022-1546
DOI	10.1080/00221546.2016.1271696
Schlagwörter	Undergraduate Students; Student Employment; Student Financial Aid; Income; Taxes; Paying for College; Low Income Students + Suchen Sie Ihr Suchwort? Studentenarbeit; Finanzielle Beihilfe; Studienfinanzierung; Studienförderung; Einkommen; Abgabe
Abstract	Working has become commonplace among college students in the United States; however, this activity can have unexpected financial consequences. Federal formulas implicitly tax the amount of financial aid some students are eligible to receive by as much as 50 cents for each marginal dollar of income. In this article, I document this college financial aid "work penalty" and discuss the related incentives for some college students to reduce their income. Using data from a national sample of financially independent college students in the United States, I did not find evidence to suggest that students meaningfully reduce earnings because of implicit taxes. Lack of knowledge, abstruse formulas, and the timing of aid receipt likely limit responses. The reduction in aid has the potential to burden low-income students who need to both work and receive financial aid to afford college expenses. (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2020/1/01