Open AccessFor Students on Financial Aid: Does the School's Endowment Matter?
Author(s) -
Alden I. Cowap,
Sarah E. Freyre,
Sean K. Indrelie,
Edward D. O'Brien,
Paul M. Sommers
Publication year - 2017
Publication title -
journal of student research
Language(s) - English
Resource type - Journals
ISSN - 2167-1907
DOI - 10.47611/jsr.v6i1.328
Subject(s) - endowment , liberal arts education , per capita , elite , per capita income , endowment policy , economics , demographic economics , political science , economic growth , finance , sociology , higher education , demography , politics , law , china , population
Many of the nation’s top fifty liberal arts colleges claim that the needs of their students on financial aid are fully met. For these elite schools, the authors regress net cost to students on the school’s endowment per capita. The regression results show that only the richest schools can really claim to meet a student’s full demonstrated need. Surprisingly, among the nation’s top liberal arts colleges, the school’s endowment (per capita) matters.