Raising College Access and Completion : How Much Can Free College Help?

Free college proposals have become increasingly popular in many countries, yet cross-country evidence indicates that higher college subsidies raise enrollment but not graduation rates. To capture the evidence and evaluate proposals, this paper develops and estimates a dynamic model of college e...

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Main Authors:	Ferreyra, Maria Marta, Garriga, Carlos, Martin, Juan David, Sanchez Diaz, Angelica Maria
Format:	Working Paper
Language:	English
Published:	World Bank, Washington, DC 2020
Subjects:	TERTIARY EDUCATION HIGHER EDUCATION FREE COLLEGE ACCESS TO HIGHER EDUCATION GRADUATION RATE PERFORMANCE-BASED FREE COLLEGE
Online Access:	http://documents.worldbank.org/curated/en/589501602005455776/Rising-College-Access-and-Completion-How-Much-Can-Free-College-Help http://hdl.handle.net/10986/34599

id	okr-10986-34599
recordtype	oai_dc
spelling	okr-10986-345992022-09-20T00:11:48Z Raising College Access and Completion : How Much Can Free College Help? Ferreyra, Maria Marta Garriga, Carlos Martin, Juan David Sanchez Diaz, Angelica Maria TERTIARY EDUCATION HIGHER EDUCATION FREE COLLEGE ACCESS TO HIGHER EDUCATION GRADUATION RATE PERFORMANCE-BASED FREE COLLEGE Free college proposals have become increasingly popular in many countries, yet cross-country evidence indicates that higher college subsidies raise enrollment but not graduation rates. To capture the evidence and evaluate proposals, this paper develops and estimates a dynamic model of college enrollment, performance, and graduation. A central piece of the model, student effort, has a direct effect on class completion and an indirect effect mitigating the risk of performing poorly or dropping out. The model is estimated using rich student-level data from Colombia, and multiple free college programs are simulated. Among them, universal free college expands enrollment the most but does not affect graduation rates, thereby helping explain the evidence. Performance-based free college, in contrast, raises graduation rates yet has a smaller enrollment impact 2020-10-08T14:56:16Z 2020-10-08T14:56:16Z 2020-10 Working Paper http://documents.worldbank.org/curated/en/589501602005455776/Rising-College-Access-and-Completion-How-Much-Can-Free-College-Help http://hdl.handle.net/10986/34599 English Policy Research Working Paper;No. 9428 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper Latin America & Caribbean Colombia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	TERTIARY EDUCATION HIGHER EDUCATION FREE COLLEGE ACCESS TO HIGHER EDUCATION GRADUATION RATE PERFORMANCE-BASED FREE COLLEGE
spellingShingle	TERTIARY EDUCATION HIGHER EDUCATION FREE COLLEGE ACCESS TO HIGHER EDUCATION GRADUATION RATE PERFORMANCE-BASED FREE COLLEGE Ferreyra, Maria Marta Garriga, Carlos Martin, Juan David Sanchez Diaz, Angelica Maria Raising College Access and Completion : How Much Can Free College Help?
geographic_facet	Latin America & Caribbean Colombia
relation	Policy Research Working Paper;No. 9428
description	Free college proposals have become increasingly popular in many countries, yet cross-country evidence indicates that higher college subsidies raise enrollment but not graduation rates. To capture the evidence and evaluate proposals, this paper develops and estimates a dynamic model of college enrollment, performance, and graduation. A central piece of the model, student effort, has a direct effect on class completion and an indirect effect mitigating the risk of performing poorly or dropping out. The model is estimated using rich student-level data from Colombia, and multiple free college programs are simulated. Among them, universal free college expands enrollment the most but does not affect graduation rates, thereby helping explain the evidence. Performance-based free college, in contrast, raises graduation rates yet has a smaller enrollment impact
format	Working Paper
author	Ferreyra, Maria Marta Garriga, Carlos Martin, Juan David Sanchez Diaz, Angelica Maria
author_facet	Ferreyra, Maria Marta Garriga, Carlos Martin, Juan David Sanchez Diaz, Angelica Maria
author_sort	Ferreyra, Maria Marta
title	Raising College Access and Completion : How Much Can Free College Help?
title_short	Raising College Access and Completion : How Much Can Free College Help?
title_full	Raising College Access and Completion : How Much Can Free College Help?
title_fullStr	Raising College Access and Completion : How Much Can Free College Help?
title_full_unstemmed	Raising College Access and Completion : How Much Can Free College Help?
title_sort	raising college access and completion : how much can free college help?
publisher	World Bank, Washington, DC
publishDate	2020
url	http://documents.worldbank.org/curated/en/589501602005455776/Rising-College-Access-and-Completion-How-Much-Can-Free-College-Help http://hdl.handle.net/10986/34599
_version_	1764481246998560768

Raising College Access and Completion : How Much Can Free College Help?

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