What High-Achieving Low-Income Students Know about College
Caroline M. Hoxby, Sarah Turner
American Economic Review · 2015 · Volume 105 · Issue 5
Abstract
Previous work demonstrates that low-income higher achievers fail to apply to selective colleges despite their being admitted at high rates and receiving financial aid so generous that they pay less than at non-selective schools. The Expanding College Opportunities project, a randomized controlled trial, provides individualized information about colleges' net prices, resources, curricula, students, and outcomes. Our prior study shows that the intervention raises students' applications to, admissions at, enrollment, and progress at selective colleges. Here we use survey data to show that it actually changes students' knowledge and decision-making. We highlight topics on which they are misinformed.
Keywords
Consumer Economics: Empirical Analysis, Search, Learning, Information and Knowledge, Communication, Belief, Unawareness, Educational Finance, Financial Aid, Higher Education, Research Institutions
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