This paper simulates a system of socioeconomic status (SES)-based affirmative action in college admissions and examines the extent to which it can produce racial diversity in selective colleges. Using simulation models, we investigate the potential relative effects of race- and/or SES-based affirmative action policies, alongside targeted,…

In this study we examine trends in segregation by race and ethnicity in higher education from 1985 to 2013. We have three key findings. Over the past 30 years, students from different groups have attended college at increasingly similar rates; gaps are decreasing. But these decreases have been driven largely by large increases in minority student…

Student loans are a crucial aspect of financing a college education for millions of Americans, yet we have surprisingly little empirical evidence concerning individuals' unwillingness to borrow money for educational purposes. This study provides the first large-scale quantitative evidence of levels of loan aversion in the United States. Using…