The effects of tuition costs, financial aid, and individual attributes on college choice are analyzed using a conditional logit model. The results confirm that financial aid can be an important determinant of postsecondary school attendance and that individual academic ability relative to the academic standards of a college is an important determinant of which of available college alternatives is chosen
New Evidence on the Economic Determinants of Postsecondary Schooling Choices
Fuller, WC., Manski, CF., & Wise, DA. (1982). New Evidence on the Economic Determinants of Postsecondary Schooling Choices. Journal of Human Resources, 17(4), 477-498.
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