The overall aim of the article is to discuss different ways of assessing and handling performance differences of higher education institutions caused by varying initial conditions with regard to the student populations' diversity. We introduce and compare two approaches we expect worthwhile...

The paper studies the impact of financial aid on long-term educational attainment and labor market outcomes in Colombia. In 2014, the government launched a large-scale and generous student loan program called "Ser Pilo Paga." It offered full tuition coverage to students admitted to one of 33...

This paper studies how the portfolio allocation of college savings affects children's college attendance and student debt using novel data on 529 college savings accounts linked with student-level longitudinal data. Employing exogenous variation in the portfolio allocation of 529 accounts driven...

For workers employed in the public and non-profit sectors, the Public Service Loan Forgiveness (PSLF) program offers the potential for full forgiveness of federal student loans for those with 10-years of full-time work experience. In practice, the benefits of the PSLF program have been illusory...

The increasing tension between the perceived necessity of a college degree and the challenge of paying for it has led to a proliferation of financial aid policy in the U.S. and around the world. More students are receiving more aid today, and more different types of aid, than ever before. Half a...

This paper examines how private college and university endowments affect financial aid, admissions selectivity, and the economic and racial composition of incoming students. Because endowment levels are a function of expenditures and alumni giving, which are endogenous to the outcomes of...

Nach dem jüngsten Urteil des Bundesverfassungsgerichts steht die Einführung von Studiengebühren in Deutschland auf der Tagesordnung. Damit wird Deutschland der Mehrheit der europäischen Länder folgen. Die Modelle sind dabei sehr vielschichtig, was die Höhe, aber auch was die Erhebung und...