ERIC Number: ED482386
Record Type: RIE
Publication Date: 2001-Aug
Come and Stay a While: Does Financial Aid Effect Enrollment and Retention at a Large Public University?
Singell, Larry D., Jr.
Few studies have examined whether financial aid affects college retention. This paper models the decision to enroll and re-enroll in college, which yields a bivariate probit model that is estimated using detailed individual data from a large public university. The analysis uses the unique detail of institution-specific data to examine the effect of financial aid on the re-enrollment decision, and exploits the sequential college completion process to condition the re-enrollment probabilities for college selection such that the implications are broader than is typical of a single-institution study. Overall, the results indicate that some types of need-based aid improve retention but that merit-based aid has the largest retention effects, particularly for well-to-do enrollees. (Author/SM)
Publication Type: Reports - Research
Education Level: N/A
Authoring Institution: N/A
Note: Support provided by Cornell Higher Education Research Institute, Cornell University.