New Evidence on the Economic Determinants of Postsecondary Schooling Choices

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

Fuller, W. C., Manski, C. F., & Wise, D. A. (1982). New Evidence on the Economic Determinants of Postsecondary Schooling Choices. Journal of Human Resources, 17(4), 477-498.