| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w22967 |
| 来源ID | Working Paper 22967 |
| Where Do Students Go when For-Profit Colleges Lose Federal Aid? | |
| Stephanie R. Cellini; Rajeev Darolia; Lesley J. Turner | |
| 发表日期 | 2016-12-26 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | Recent policy debates have focused on whether restricting for-profit institutions’ access to federal student financial aid could reduce student loan defaults without restricting prospective students’ access to higher education. We examine the effects of similar restrictions imposed on over 1,200 for-profit colleges in the 1990s. Using variation in the timing and magnitude of sanctions linked to student loan default rates, we estimate the impact of the loss of federal aid on the enrollment of Pell Grant recipients in sanctioned institutions and their local unsanctioned competitors. On average, sanctioned for-profit colleges experience a 40 percent decrease in annual enrollment in the five years following sanction receipt. Enrollment losses due to for-profit sanctions are offset by enrollment increases within local community colleges. For-profit sanctions also produce negative enrollment spillovers on unsanctioned for-profit competitors, and we provide evidence that these effects are likely due to improved information about local higher education options and/or reputational spillovers to for-profit institutions offering similar programs. Given these offsetting effects, we estimate that within the average county, the public sector absorbs 40 to 60 percent of the total enrollment decline generated by an additional for-profit sanction. Overall, market enrollment declines by just 3 percent. Finally, we provide suggestive evidence that students induced to enroll in community colleges following a for-profit competitor’s sanction are less likely to default on their federal loans. |
| 主题 | Public Economics ; National Fiscal Issues ; Health, Education, and Welfare ; Education |
| URL | https://www.nber.org/papers/w22967 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/580641 |
| 推荐引用方式 GB/T 7714 | Stephanie R. Cellini,Rajeev Darolia,Lesley J. Turner. Where Do Students Go when For-Profit Colleges Lose Federal Aid?. 2016. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w22967.pdf（810KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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