Financial aid and early admissions at selective need-blind colleges

Abstract

I study a college-admissions model with two need-blind colleges and heterogeneous students. In a game in which colleges can choose a financial aid policy and either binding, nonbinding, or no early admissions, a unique equilibrium outcome exists. In equilibrium-and consistent with data-the more prestigious and wealthier college is more selective, has a more generous financial aid policy, and offers nonbinding early admissions while the other college offers a binding program. Compared to the counterfactual in which only regular admissions are offered, early admissions make the more prestigious college worse off but make all students and the other college better off.

Student financial support and sustainable recovery based on fuzzy-analytic hierarchy process comprehensive method

“…In the global sustainable recovery stage after the pandemic, the topic of financial support for financially distressed students has received wide attention from both academic and management fields (see eg. Murra-Anton 2022 ). Anderson et al ( 2020 ) conducted the first long-term experimental evaluation for financially distressed students and found that, related to the reforms of the Wisconsin Scholar Grant, decisionmakers should consider the relative allocation of resources between two-year and four-year institutions.…”