financial aid


We study the effects of a change in financial aid policy introduced by a Northeastern
university in 1998. Prior to that time, the university s financial aid packages for lowincome
students consisted of grants, loans, and campus jobs. After the change, the entire
loan portion of the package for low-income students was replaced with grants. We find
the program increased the likelihood of matriculation by low-income students by about 3
percentage points, although the effect is not statistically significant. The effect among
low-income minority students was about twice that size and statistically significant at the
10 percent level.

Year of Publication
Date Published
Publication Language
Citation Key
Rosen, H., Linsenmeier, D., & Rouse, C. (2001). Financial Aid Packages and College Enrollment Decisions: An Econometric Case Study. Retrieved from (Original work published November 2001)
Working Papers