Exploring the Effects of Financial Aid on the Gap in Student Dropout Risks by Income Level |
| |
Authors: | Rong Chen Stephen L DesJardins |
| |
Institution: | (1) College of Education and Human Services, Seton Hall University, Jubilee Hall, 400 South Orange Avenue, South Orange, NJ 07079, USA;(2) School of Education, The University of Michigan, 2108-D SEB., 610 East University Avenue, Ann Arbor, MI 48109-1259, USA |
| |
Abstract: | Using national survey data and discrete-time logit modeling, this research seeks to understand whether student aid mediates
the relationship between parental income and student dropout behavior. Our analysis confirms that there is a gap in dropout
rates for low-income students compared with their upper income peers, and suggests that some types of aid are associated with
lower risks of dropout. Thus, we examine the interaction between financial aid type and parental income to explore whether,
and if so how, different types of aid may reduce the dropout gap by income level group. We find that the receipt of a Pell
grant is related to narrowing the dropout gap between students from low- and middle-income groups, although overall the interaction
between Pell grant and income is not significant. Loans and work-study aid both have similar effects on student dropout across
all income groups. Methodologically, our results demonstrate the need to model dropout behavior temporally and to avoid main-effect
bias by incorporating interaction effects.
|
| |
Keywords: | Financial aid Income differences Dropout Event history analysis Main-effect bias |
本文献已被 SpringerLink 等数据库收录! |
|