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Affordability: Family Incomes and Net Prices at Highly Selective Private Colleges and Universities

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  • Gordon C. Winston
  • Catharine B. Hill
  • Stephanie Boyd

Abstract

Working from the financial aid records of individual students at 28 highly selective private colleges and universities, we were able to calculate both the price the low-income students at these schools actually pay for a year’s education,net of financial aid grants, and how the schools differentiate net price in recognition of their students’ different family incomes—their pricing policies.

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File URL: http://sites.williams.edu/wpehe/files/2011/06/JHR_Affordability.pdf
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Bibliographic Info

Paper provided by Department of Economics, Williams College in its series Williams Project on the Economics of Higher Education with number DP-66.

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Length: 22 pages
Date of creation: Oct 2003
Date of revision: Jan 2004
Publication status: Published in Journal of Human Resources, Fall 2005, v. 40, iss. 4, pp. 769-90
Handle: RePEc:wil:wilehe:66

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References

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  1. Gordon C. Winston & Ethan G. Lewis, 1997. "Physical Capital and Capital Service Costs in U.S. Colleges and Universities: 1993," Eastern Economic Journal, Eastern Economic Association, vol. 23(2), pages 165-189, Spring.
  2. Christopher Avery & Caroline Minter Hoxby, 2004. "Do and Should Financial Aid Packages Affect Students' College Choices?," NBER Chapters, in: College Choices: The Economics of Where to Go, When to Go, and How to Pay For It, pages 239-302 National Bureau of Economic Research, Inc.
  3. Ronald G. Ehrenberg & Daniel R. Sherman, 1984. "Optimal Financial Aid Policies for a Selective University," NBER Working Papers 1014, National Bureau of Economic Research, Inc.
  4. Richard Steinberg & Burton A. Weisbrod, . "Pricing and Rationing by Nonprofit Organizations with Distributional Objectives," IPR working papers 97-28, Institute for Policy Resarch at Northwestern University.
  5. Gordon C. Winston & Jared C. Carbone & Laurie C. Hurshman, 2001. "Saving, Wealth, Performance, and Revenues in US Colleges and Universities," Williams Project on the Economics of Higher Education DP-59, Department of Economics, Williams College.
  6. Thomas J. Kane, 1995. "Rising Public College Tuition and College Entry: How Well Do Public Subsidies Promote Access to College?," NBER Working Papers 5164, National Bureau of Economic Research, Inc.
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Cited by:
  1. Kim, Matthew, 2010. "Early decision and financial aid competition among need-blind colleges and universities," Journal of Public Economics, Elsevier, vol. 94(5-6), pages 410-420, June.
  2. Griffith, Amanda L. & Rothstein, Donna S., 2009. "Can't get there from here: The decision to apply to a selective college," Economics of Education Review, Elsevier, vol. 28(5), pages 620-628, October.
  3. Caroline Hoxby & Christopher Avery, 2013. "The Missing "One-Offs": The Hidden Supply of High-Achieving, Low-Income Students," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 46(1 (Spring), pages 1-65.
  4. Su Jin Jez, 2008. "The Influence of Wealth and Race in Four-Year College Attendance," University of California at Berkeley, Center for Studies in Higher Education qt0cc2x5tj, Center for Studies in Higher Education, UC Berkeley.

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