IDEAS home Printed from https://ideas.repec.org/p/ces/ceswps/_11392.html
   My bibliography  Save this paper

The Impact of Developing Hispanic-Serving Institution Program on College Persistence, Completion Rates, and Student Debt

Author

Listed:
  • Li Feng
  • Yao-Yu Chih
  • Yunwei Gai
  • Lynn MacDonald

Abstract

The Developing Hispanic-Serving Institution (DHSI) Program is one of the largest federal grant programs that support Hispanic-Serving Institutions. We employ an eleven-year panel dataset of U.S. higher education institutions to implement a difference-in-differences (DID) design, two-way fixed effect model (TWFE), and propensity score matching (PSM) to compare DHSI grantee institutions with other Title V eligible higher education institutions that did not receive DHSI funding. We find that the receipt of DHSI grant funding helps these institutions significantly improve their retention rates (2~ percentage points), completion rates (1-3 percentage points), and reduce their students’ debt level (e.g., $500~$1000 lower for graduated students). Our back-of-the-envelope cost-benefit calculation shows that the DHSI program benefits exceed cost.

Suggested Citation

  • Li Feng & Yao-Yu Chih & Yunwei Gai & Lynn MacDonald, 2024. "The Impact of Developing Hispanic-Serving Institution Program on College Persistence, Completion Rates, and Student Debt," CESifo Working Paper Series 11392, CESifo.
    • Handle: RePEc:ces:ceswps:_11392
    as

    Download full text from publisher

    File URL: https://www.ifo.de/DocDL/cesifo1_wp11392.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Andrews, Rodney J. & Imberman, Scott A. & Lovenheim, Michael F., 2020. "Recruiting and supporting low-income, high-achieving students at flagship universities," Economics of Education Review, Elsevier, vol. 74(C).
    2. Dynarski, Mark, 1994. "Who defaults on student loans? Findings from the National Postsecondary Student Aid Study," Economics of Education Review, Elsevier, vol. 13(1), pages 55-68, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. repec:hka:wpaper:2013-20 is not listed on IDEAS
    2. Sandra E. Black & Jeffrey T. Denning & Jesse Rothstein, 2023. "Winners and Losers? The Effect of Gaining and Losing Access to Selective Colleges on Education and Labor Market Outcomes," American Economic Journal: Applied Economics, American Economic Association, vol. 15(1), pages 26-67, January.
    3. Nicholas A. Wright & Puneet Arora & Jesse Wright, 2024. "I Promise to Work Hard: The Impact of a Non-Binding Commitment Pledge on Academic Performance," Working Papers 2411, Florida International University, Department of Economics.
    4. Rajeev Darolia, 2013. "Student Loan Repayment and College Accountability," Consumer Finance Institute discussion papers 13-5, Federal Reserve Bank of Philadelphia.
    5. Andrews, Rodney J. & Imberman, Scott A. & Lovenheim, Michael F., 2020. "Recruiting and supporting low-income, high-achieving students at flagship universities," Economics of Education Review, Elsevier, vol. 74(C).
    6. Migali, Giuseppe, 2012. "Funding higher education and wage uncertainty: Income contingent loan versus mortgage loan," Economics of Education Review, Elsevier, vol. 31(6), pages 871-889.
    7. Ellis, Jimmy R. & Gershenson, Seth, 2020. "Gender, peer advising, and college success," Labour Economics, Elsevier, vol. 62(C).
    8. Joselynn Hawkins Fountain, 2019. "The Effect of the Gainful Employment Regulatory Uncertainty on Student Enrollment at For-Profit Institutions of Higher Education," Research in Higher Education, Springer;Association for Institutional Research, vol. 60(8), pages 1065-1089, December.
    9. Gustavo Pereira Serra, 2025. "(Trying to) catch up with the higher-skilled Joneses: student loans in a segmented educational market from a post-Keynesian perspective," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 48(2), pages 172-203, April.
    10. Chapman, Bruce, 2006. "Income Contingent Loans for Higher Education: International Reforms," Handbook of the Economics of Education, in: Erik Hanushek & F. Welch (ed.), Handbook of the Economics of Education, edition 1, volume 2, chapter 25, pages 1435-1503, Elsevier.
    11. Sascha Becker & Robert Fenge & Sascha O. Becker, 2005. "Gerechtigkeit und Effizienz nachgelagerter Studiengebühren," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 58(02), pages 16-22, January.
    12. Chapman, Bruce & Doris, Aedín, 2019. "Modelling higher education financing reform for Ireland," Economics of Education Review, Elsevier, vol. 71(C), pages 109-119.
    13. Pugatch, Todd & Thompson, Paul N., 2022. "Excellence for All? University Honors Programs and Human Capital Formation," IZA Discussion Papers 15354, Institute of Labor Economics (IZA).
    14. Elliott, William & Friedline, Terri, 2013. "“You pay your share, we’ll pay our share”: The college cost burden and the role of race, income, and college assets," Economics of Education Review, Elsevier, vol. 33(C), pages 134-153.
    15. Acton, Riley & Cortes, Kalena E. & Miller, Lois & Morales, Camila, 2024. "Distance to Degrees: How College Proximity Shapes Students' Enrollment Choices and Attainment across Race-Ethnicity and Socioeconomic Status," IZA Discussion Papers 17338, Institute of Labor Economics (IZA).
    16. Bruce Chapman & Kiatanantha Lounkaewa, 2010. "Repayment Burdens with US College Loans," CEPR Discussion Papers 647, Centre for Economic Policy Research, Research School of Economics, Australian National University.
    17. Chapman, Bruce & Lounkaew, Kiatanantha, 2010. "Income contingent student loans for Thailand: Alternatives compared," Economics of Education Review, Elsevier, vol. 29(5), pages 695-709, October.
    18. Raj Chetty & John N. Friedman & Emmanuel Saez & Nicholas Turner & Danny Yagan, 2017. "Mobility Report Cards: The Role of Colleges in Intergenerational Mobility," NBER Working Papers 23618, National Bureau of Economic Research, Inc.
    19. Oded Gurantz & Jessica Howell & Michael Hurwitz & Cassandra Larson & Matea Pender & Brooke White, 2021. "A National‐Level Informational Experiment to Promote Enrollment in Selective Colleges," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 40(2), pages 453-479, March.
    20. Lance J. Lochner & Alexander Monge-Naranjo, 2014. "Default and Repayment Among Baccalaureate Degree Earners," University of Western Ontario, Centre for Human Capital and Productivity (CHCP) Working Papers 20141, University of Western Ontario, Centre for Human Capital and Productivity (CHCP).
    21. Rodney J. Andrews & Kevin M. Stange, 2019. "Price Regulation, Price Discrimination, and Equality of Opportunity in Higher Education: Evidence from Texas," American Economic Journal: Economic Policy, American Economic Association, vol. 11(4), pages 31-65, November.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education
    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • I28 - Health, Education, and Welfare - - Education - - - Government Policy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ces:ceswps:_11392. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Klaus Wohlrabe (email available below). General contact details of provider: https://edirc.repec.org/data/cesifde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.