Effect of Financial Aid On Enrollment
In a study on the correlation between the price of higher education and enrollment rates, Donald Heller finds that the amount of financial aid available for students is a strong factor in enrollment rates.
Different factors have different effects on financial aid:
- Decreases in the amount of financial aid leads to decreases in enrollment. However, different types of financial aid have differing effects. Grant awards tend to have a stronger effect on enrollment rates.
- Changes in tuition and financial aid affect poorer students more than they affect students with higher incomes.
- In terms of race, changes in financial aid affects black students more than it affects white students.
- Changes in financial aid affect students from community colleges more than students from four-year schools.
Read more about this topic: Student Financial Aid
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