Literaturnachweis - Detailanzeige
Autor/in | Glenn, David |
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Titel | Student-Aid Offers May Be Too Generous, Study Suggests |
Quelle | In: Chronicle of Higher Education, 53 (2007) 38, (1 Seiten)
PDF als Volltext |
Sprache | englisch |
Dokumenttyp | gedruckt; online; Zeitschriftenaufsatz |
ISSN | 0009-5982 |
Schlagwörter | Student Financial Aid; Private Colleges; Enrollment Management; Resource Allocation; Incentives; Educational Research |
Abstract | Colleges may frequently be overspending by offering students larger financial-aid offers than are actually necessary to entice them to enroll, according to a working paper released in May by three economists. In a detailed examination of the admissions practices of two selective private colleges, the economists found that the colleges generally made larger financial-aid offers to students who were already highly likely to attend. That practice contradicts scholars' typical idealized models of financial aid. The standard model assumes that financial-aid offers are incentives to enroll and that colleges will direct those incentives at "marginal" students--that is, students who might easily decide to attend a different institution. In this article, Mr. Michael J. Rizzo, a senior economist at the American Institute for Economic Research, talks about "The Cost of Crafting a Class: (In)Efficient Financial Aid Allocation at Two Private Colleges." He wrote the paper with Robert E. Martin, a professor of economics at Centre College, and Randy Campbell, an assistant professor of economics at Mississippi State University. The authors' suggestion that colleges should trim some of their financial-aid offers might sound vaguely heartless--and might seem reminiscent of "enrollment management" strategies that have been heavily criticized for apparently allowing colleges to chase prestige at the expense of low-income students. They argue that if the two colleges in their study spent their financial-aid budgets more efficiently, they could free up resources for other goals, including offering more need-based aid, diversifying their student bodies, or hiring more faculty members. (ERIC). |
Anmerkungen | Chronicle of Higher Education. 1255 23rd Street NW Suite 700, Washington, DC 20037. Tel: 800-728-2803; e-mail: circulation@chronicle.com; Web site: http://chronicle.com/ |
Erfasst von | ERIC (Education Resources Information Center), Washington, DC |
Update | 2017/4/10 |