Image: Kelly Rosinger (PhD, 2015), Andrew Belasco (PhD, 2014) & James Hearn examine the relationship between adoption of universal and targeted no-loan policies and the economic diversity at elite colleges. Their paper, “A Boost for the Middle Class: An Evaluation of No-Loan Policies and Elite Private College Enrollment,” appears in The Journal of Higher Education, 90:1, 27-55. https://doi.org/10.1080/00221546.2018.1484222 Excerpt of abstract: In response to goals of expanding access as well as public pressure to leverage substantial endowment resources toward increasing affordability, numerous elite colleges have enacted policies aimed at improving access and affordability by replacing student loans with grants in financial aid packages. No-loan policies, however, differ in the extent to which they expand affordability.... We leveraged newly available Equality of Opportunity Project Mobility Report Card data and a difference-in-differences design using unweighted and weighted comparison groups to examine the relationship between adoption of universal and targeted no-loan policies and economic diversity at elite colleges. Type of News/Audience: Alumni Research
