View in EDS

How Money Helps Keep Students in College: The Relationship between Family Finances, Merit-Based Aid, and Retention in Higher Education

Saved in:
Bibliographic Details
Title: How Money Helps Keep Students in College: The Relationship between Family Finances, Merit-Based Aid, and Retention in Higher Education
Language: English
Authors: Olbrecht, Alexandre M., Romano, Christopher, Teigen, Jeremy
Source: Journal of Student Financial Aid. 2016 46(1).
Availability: National Association of Student Financial Aid Administrators. 1101 Connecticut Avenue NW Suite 1100, Washington, DC 20036. Tel: 202-785-0453; Fax: 202-785-1487; e-mail: membership@nasfaa.org; Web site: http://www.nasfaa.org
Peer Reviewed: Y
Page Count: 15
Publication Date: 2016
Document Type: Journal Articles
Reports - Research
Education Level: Higher Education
Postsecondary Education
Descriptors: Higher Education, Academic Persistence, Family Income, Parent Financial Contribution, Student Financial Aid, Merit Scholarships, College Freshmen, Cohort Analysis, Maximum Likelihood Statistics, Statistical Analysis, School Holding Power, Predictor Variables, Regression (Statistics)
Geographic Terms: New Jersey
ISSN: 0884-9153
Abstract: In this paper, we leverage detailed, individual-level student data to understand the relationships between family finances, merit-based aid, and first-year student retention. With three cohorts of student data that comprise family financial status, institutional merit scholarships, and many of the other known correlates of student retention, we regress sophomore retention of first-time, full-time students on the financial variables with controls. We find that an increase in a family's ability to contribute to educational costs improves a student's chances of retention. Additionally, our data show that institutional financial assistance also bolsters the likelihood that students return for their sophomore year.
Abstractor: As Provided
Entry Date: 2016
Accession Number: EJ1097300
Database: ERIC
FullText Text:
  Availability: 0
CustomLinks:
  – Url: https://eric.ed.gov/contentdelivery/servlet/ERICServlet?accno=EJ1097300
    Name: ERIC Full Text
    Category: fullText
    Text: Full Text from ERIC
Header DbId: eric
DbLabel: ERIC
An: EJ1097300
AccessLevel: 3
PubType: Academic Journal
PubTypeId: academicJournal
PreciseRelevancyScore: 0
IllustrationInfo
Items – Name: Title
  Label: Title
  Group: Ti
  Data: How Money Helps Keep Students in College: The Relationship between Family Finances, Merit-Based Aid, and Retention in Higher Education
– Name: Language
  Label: Language
  Group: Lang
  Data: English
– Name: Author
  Label: Authors
  Group: Au
  Data: <searchLink fieldCode="AR" term="%22Olbrecht%2C+Alexandre+M%2E%22">Olbrecht, Alexandre M.</searchLink><br /><searchLink fieldCode="AR" term="%22Romano%2C+Christopher%22">Romano, Christopher</searchLink><br /><searchLink fieldCode="AR" term="%22Teigen%2C+Jeremy%22">Teigen, Jeremy</searchLink>
– Name: TitleSource
  Label: Source
  Group: Src
  Data: <searchLink fieldCode="SO" term="%22Journal+of+Student+Financial+Aid%22"><i>Journal of Student Financial Aid</i></searchLink>. 2016 46(1).
– Name: Avail
  Label: Availability
  Group: Avail
  Data: National Association of Student Financial Aid Administrators. 1101 Connecticut Avenue NW Suite 1100, Washington, DC 20036. Tel: 202-785-0453; Fax: 202-785-1487; e-mail: membership@nasfaa.org; Web site: http://www.nasfaa.org
– Name: PeerReviewed
  Label: Peer Reviewed
  Group: SrcInfo
  Data: Y
– Name: Pages
  Label: Page Count
  Group: Src
  Data: 15
– Name: DatePubCY
  Label: Publication Date
  Group: Date
  Data: 2016
– Name: TypeDocument
  Label: Document Type
  Group: TypDoc
  Data: Journal Articles<br />Reports - Research
– Name: Audience
  Label: Education Level
  Group: Audnce
  Data: <searchLink fieldCode="EL" term="%22Higher+Education%22">Higher Education</searchLink><br /><searchLink fieldCode="EL" term="%22Postsecondary+Education%22">Postsecondary Education</searchLink>
– Name: Subject
  Label: Descriptors
  Group: Su
  Data: <searchLink fieldCode="DE" term="%22Higher+Education%22">Higher Education</searchLink><br /><searchLink fieldCode="DE" term="%22Academic+Persistence%22">Academic Persistence</searchLink><br /><searchLink fieldCode="DE" term="%22Family+Income%22">Family Income</searchLink><br /><searchLink fieldCode="DE" term="%22Parent+Financial+Contribution%22">Parent Financial Contribution</searchLink><br /><searchLink fieldCode="DE" term="%22Student+Financial+Aid%22">Student Financial Aid</searchLink><br /><searchLink fieldCode="DE" term="%22Merit+Scholarships%22">Merit Scholarships</searchLink><br /><searchLink fieldCode="DE" term="%22College+Freshmen%22">College Freshmen</searchLink><br /><searchLink fieldCode="DE" term="%22Cohort+Analysis%22">Cohort Analysis</searchLink><br /><searchLink fieldCode="DE" term="%22Maximum+Likelihood+Statistics%22">Maximum Likelihood Statistics</searchLink><br /><searchLink fieldCode="DE" term="%22Statistical+Analysis%22">Statistical Analysis</searchLink><br /><searchLink fieldCode="DE" term="%22School+Holding+Power%22">School Holding Power</searchLink><br /><searchLink fieldCode="DE" term="%22Predictor+Variables%22">Predictor Variables</searchLink><br /><searchLink fieldCode="DE" term="%22Regression+%28Statistics%29%22">Regression (Statistics)</searchLink>
– Name: Subject
  Label: Geographic Terms
  Group: Su
  Data: <searchLink fieldCode="DE" term="%22New+Jersey%22">New Jersey</searchLink>
– Name: ISSN
  Label: ISSN
  Group: ISSN
  Data: 0884-9153
– Name: Abstract
  Label: Abstract
  Group: Ab
  Data: In this paper, we leverage detailed, individual-level student data to understand the relationships between family finances, merit-based aid, and first-year student retention. With three cohorts of student data that comprise family financial status, institutional merit scholarships, and many of the other known correlates of student retention, we regress sophomore retention of first-time, full-time students on the financial variables with controls. We find that an increase in a family's ability to contribute to educational costs improves a student's chances of retention. Additionally, our data show that institutional financial assistance also bolsters the likelihood that students return for their sophomore year.
– Name: AbstractInfo
  Label: Abstractor
  Group: Ab
  Data: As Provided
– Name: DateEntry
  Label: Entry Date
  Group: Date
  Data: 2016
– Name: AN
  Label: Accession Number
  Group: ID
  Data: EJ1097300
PLink https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=eric&AN=EJ1097300
RecordInfo BibRecord:
  BibEntity:
    Languages:
      – Text: English
    PhysicalDescription:
      Pagination:
        PageCount: 15
    Subjects:
      – SubjectFull: Higher Education
        Type: general
      – SubjectFull: Academic Persistence
        Type: general
      – SubjectFull: Family Income
        Type: general
      – SubjectFull: Parent Financial Contribution
        Type: general
      – SubjectFull: Student Financial Aid
        Type: general
      – SubjectFull: Merit Scholarships
        Type: general
      – SubjectFull: College Freshmen
        Type: general
      – SubjectFull: Cohort Analysis
        Type: general
      – SubjectFull: Maximum Likelihood Statistics
        Type: general
      – SubjectFull: Statistical Analysis
        Type: general
      – SubjectFull: School Holding Power
        Type: general
      – SubjectFull: Predictor Variables
        Type: general
      – SubjectFull: Regression (Statistics)
        Type: general
      – SubjectFull: New Jersey
        Type: general
    Titles:
      – TitleFull: How Money Helps Keep Students in College: The Relationship between Family Finances, Merit-Based Aid, and Retention in Higher Education
        Type: main
  BibRelationships:
    HasContributorRelationships:
      – PersonEntity:
          Name:
            NameFull: Olbrecht, Alexandre M.
      – PersonEntity:
          Name:
            NameFull: Romano, Christopher
      – PersonEntity:
          Name:
            NameFull: Teigen, Jeremy
    IsPartOfRelationships:
      – BibEntity:
          Dates:
            – D: 01
              M: 01
              Type: published
              Y: 2016
          Identifiers:
            – Type: issn-print
              Value: 0884-9153
          Numbering:
            – Type: volume
              Value: 46
            – Type: issue
              Value: 1
          Titles:
            – TitleFull: Journal of Student Financial Aid
              Type: main
ResultId 1