Credit Access and College Enrollment

• 成果类型: Article
• 署名作者: Solis, Alex
• 署名单位: Uppsala University
• 刊物名称: JOURNAL OF POLITICAL ECONOMY
• ISSN/ISSBN: 0022-3808
• DOI: 10.1086/690829
• 发表日期: 2017
• 页码: 562-622
• 关键词: regression discontinuity designs; borrowing constraints; financial-aid; student aid; returns

摘要

Does access to credit explain the gap in schooling attainment between children from richer and poorer families? I present new evidence on this important question based on the causal effects of two college loan programs in Chile that are available to students scoring above a threshold on the national college admission test, enabling a regression discontinuity design. I find that credit access leads to a 100 percent increase in immediate college enrollment and a 50 percent increase in the probability of ever enrolling. Moreover, access to loans effectively eliminates the income gap in enrollment and number of years of college attainment.