Born under a lucky star: financial aid, college completion, labor supply, and credit constraints

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Author: Denning, Jeffrey T.


Higher education has experienced many changes since the 1970s, including an increase in the price of college, an increase in student employment during college, a decrease in college completion rates, and an increase in time to degree. This paper ties these trends together by causally linking changes in financial aid with time to degree and student employment during college. [The author finds] that additional financial aid accelerates graduation for university seniors because they increase credits attempted and reduce earnings while in college. In reaching this finding, [the author uses]...  [+] Show more

Subjects: Participation; Higher education; Employment; Labour market; Finance; Outcomes

Keywords: Financial aid; Completion; Transition from education and training to employment; Labour supply; Trend

Geographic subjects: United States; North America

Published: Kalamazoo, Michigan: W. E. Upjohn Institute for Employment Research, 2017

Physical description: 51 p.

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Series: Upjohn Institute working paper; no. 17-267

Resource type: Working paper

Call number: TD/TNC 127.777

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