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A first glance at US data suggests that college -- given its mean returns and sharply subsidized cost for all enrollees -- could be of great value to most. Using an empirically-disciplined human capital model that allows for variation in college readiness, we show otherwise. While the top decile...
Persistent link: https://www.econbiz.de/10012017655
In recent years, the proportion of students facing a binding constraint on government student loans has grown. This has led to substantially increased use of private loans as a supplementary source of finance for households' higher education investment. A critical aspect of the private market...
Persistent link: https://www.econbiz.de/10012972731