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College and University Discussion
Reply to "America's Top Colleges Have a Rich-Kid Problem"
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[quote=Anonymous] From the NBER digest of the Avery-Hoxby paper: The authors eliminate a number of explanations for low-income high achievers' failure to apply to selective colleges, including cost. They show that very selective colleges offer high-achieving, low-income students such generous financial aid that they could attend these colleges and pay less than they are currently paying to attend the much less selective colleges in which they enroll. Nor do low-income high achievers fail if they apply to selective colleges. The authors show that if a low-income student and a high-income student with the same achievement apply to the same college, they have outcomes (matriculation, persistence, on-time graduation) that are so similar that they cannot be distinguished statistically. [/quote]
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