Month: February 2017

DOES THE FORMAT OF A FINANCIAL AID PROGRAM MATTER? THE EFFECT OF STATE IN-KIND TUITION SUBSIDIES

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This paper examines the importance of format in aid programs, focusing on state appropriations to public postsecondary institutions. These funds subsidize costs for in-state students, but they may also influence choices between institutions due to their in-kind format. Using the conditional logistic choice model and extensive match-specific information, the paper approximates the choice between nearly … Read more

NATIONAL CENTER FOR EDUCATION STATISTICS: Study of College Costs and Prices, 1988 – 89 to 1997 – 98

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Commissioned Papers: David W. Breneman: An Essay on College Costs D. Bruce Johnstone: Higher Education and Those “Out of Control Costs” Dennis P. Jones: Cost Analysis and the Formulation of Public Policy Lucie Lapovsky: Institutional Financial Health: Tuition Discounting and Enrollment Management Michael McPherson and Morton Owen Schapiro: Issues of Cost and Price in Higher … Read more

THE U.S. MARKET FOR HIGHER EDUCATION: A GENERAL EQUILIBRIUM ANALYSIS OF STATE AND PRIVATE COLLEGES AND PUBLIC FUNDING POLICIES

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We develop a general equilibrium model of the market for undergraduate higher education that captures the coexistence of public and private colleges, the large degree of quality differentiation among them, and the tuition and admission policies that emerge from their competition for students. The calibrated version of the model matches well the aggregate characteristics of … Read more

Critical Approaches to Women and Gender in Higher Education

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Critical Approaches to Women and Gender in Higher Education by Pamela Eddy, Kelly Ward and Tehmina Khwaja, published just last month, raises several important issues relating to gender in higher education. The volume examines the impacts of gender on organizational leadership, faculty and staff, as well as limitations and concerns that impact female students. The chapters in this volume … Read more

Continuing Higher Education and Older Adults: A Growing Challenge and Golden Opportunity

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“Educating older adults has been important to adult and continuing education for years, but the reality of a skyrocketing aging population is now upon us. This reality evokes a sense of urgency for adult and continuing educators in higher education to respond.”   There is a body of research that shows that higher education has … Read more

Tuition Discounting: Institutional Aid Patterns at Public and Private Colleges and Universities

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Recent data from the College Board’s Annual Survey of Colleges reveal significant variation in institutional aid patterns among colleges and universities. The undergraduate tuition discount rate — the ratio of institutional grant aid to published tuition and fee charges — is higher at private institutions than at public institutions, but there are also notable differences … Read more

Students’ Futures as Investments: The Promise and Challenges of Income-Share Agreements. AEI Series on Private Financing in Higher Education

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Income-share agreements (ISAs) are an emerging idea for helping students pay for college. Under an ISA, investors provide upfront sums of money toward students’ college tuition and other associated costs in exchange for a fixed percentage of the recipients’ earnings after graduation. An ISA can take different forms. Some are philanthropic, meaning that successive groups … Read more

A Failing Grade: “High-Tuition/High-Aid”

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*At the University of Michigan-Ann Arbor, student demographics have changed significantly since the university switched to high-tuition/high-aid, trending toward fewer low-income students and under- representation of minority students. *The University of Miami-Ohio saw sticker shock in action one year after switching to a high- tuition/high-aid model in 2004. The school experienced a record 13% drop … Read more