Taken for Granted? Effects of Loan-Reduction Initiatives on Student Borrowing, Admission Metrics, and Campus Diversity

Autor/inn/en	Bennett, Christopher; Evans, Brent; Marsicano, Christopher
Titel	Taken for Granted? Effects of Loan-Reduction Initiatives on Student Borrowing, Admission Metrics, and Campus Diversity
Quelle	In: Research in Higher Education, 62 (2021) 5, S.569-599 (31 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Zusatzinformation	ORCID (Bennett, Christopher)
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0361-0365
DOI	10.1007/s11162-020-09615-7
Schlagwörter	Loan Repayment; Federal Aid; Grants; Student Loan Programs; Student Financial Aid; Program Effectiveness; Paying for College; Student Diversity; Campuses; Ethnic Diversity; Race; Socioeconomic Background; College Admission; Public Colleges; Private Colleges + Suchen Sie Ihr Suchwort? Grant; Finanzielle Beihilfe; Studienfinanzierung; Studienförderung; Rasse; Abstammung; Sozioökonomische Lage; Hochschulzugang; Hochschulzulassung; Zulassung; Privathochschule
Abstract	In recent decades, several dozen colleges and universities have instituted loan-reduction initiatives (LRIs), such as "no-loan" programs. Institutions frequently cast such initiatives as efforts to increase socioeconomic diversity on campus. Using a difference-in-differences analytic strategy with national institution-level data, we examine the effect of LRI adoption at 54 institutions on three sets of outcomes: student borrowing, admission metrics, and campus diversity. Our analysis suggests LRIs decreased institution-level borrowing rates at private institutions, with no detected change at public institutions. Consistent with stated program goals, LRI adoption increased the number of Pell Grant recipients at both public and private institutions. However, adopting LRIs at public institutions reduced racial/ethnic diversity, suggesting possible trade-offs for LRI adoption in terms of student body diversity. (As Provided).
Anmerkungen	Springer. Available from: Springer Nature. One New York Plaza, Suite 4600, New York, NY 10004. Tel: 800-777-4643; Tel: 212-460-1500; Fax: 212-460-1700; e-mail: customerservice@springernature.com; Web site: https://link.springer.com/
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2024/1/01