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Who Values Access to College?, No. 20-03

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Who Values Access to College?, No. 20-03

DATE: March 2020

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ABSTRACT: A quantitative model of college enrollment suggests that the value of college access varies greatly across individuals. Forty percent place no value on the option to attend despite large public subsidies, while 25 percent would enroll even without the subsidies. In the model, redirecting public funds from those who attend college irrespective of subsidies to those who don’t attend even with subsidies both preserves college enrollment and improves overall outcomes. While these two groups are clearly visible only in the model, and not in the data, this analysis suggests that more-targeted policies have potential.

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Athreya, Kartik B., 1971- , Ionescu, Felicia , Neelakantan, Urvi , Romero, Jessica Sackett , Vidangos, Ivan and Federal Reserve Bank of Richmond. "Who Values Access to College?, No. 20-03," Economic Brief (March 2020). https://fraser.stlouisfed.org/title/6034/item/587308, accessed on June 7, 2023.

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