College Choices: The Economics of Where to Go, When to Go, and How to Pay for It

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Caroline M. Hoxby
University of Chicago Press, Nov 1, 2007 - Education - 335 pages
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Aspiring college students and their families have many options. A student can attend an in-state or an out-of-state school, a public or private college, a two-year community college program or a four-year university program. Students can attend full-time and have a bachelor of arts degree by the age of twenty-three or mix college and work, progressing toward a degree more slowly. To make matters more complicated, the array of financial aid available is more complex than ever. Students and their families must weigh federal grants, state merit scholarships, college tax credits, and college savings accounts, just to name a few.

In College Choices, Caroline Hoxby and a distinguished group of economists show how students and their families really make college decisions—how they respond to financial aid options, how peer relationships figure in the decision-making process, and even whether they need mentoring to get through the admissions process. Students of all sorts are considered—from poor students, who may struggle with applications and whether to continue on to college, to high aptitude students who are offered "free rides" at elite schools. College Choices utilizes the best methods and latest data to analyze the college decision-making process, while explaining how changes in aid and admissions practices inform those decisions as well.

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Explaining Different Educational Outcomes
2 The New Merit Aid
3 The Impact of Federal Tax Credits for Higher Education Expenses
Evidence from the 2000 TIAACREF Survey of Participant Finances
5 How Financial Aid Affects Persistence
6 Do and Should Financial Aid Packages Affect Students College Choices?
7 Resident and Nonresident Tuition and Enrollment at Flagship State Universities
The Boston COACH Program
9 Peer Effects in Higher Education
Author Index
Subject Index

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About the author (2007)

Caroline M. Hoxby is a professor of economics at Harvard University. She is also director of the Economics of Education Program for the National Bureau of Economic Research and a Distinguished Visiting Fellow of the Hoover Institution. She is the editor of the recent NBER volume The Economics of School Choice.

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