Full Citation

Title: Credit Access and College Enrollment

Citation Type: Miscellaneous

Publication Year: 2011

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Abstract: Does limited access to credit explain some of the gap in schooling attainment between children from richer and poorer families? I present new evidence on this important question using data from two loan programs for college students in Chile. Both programs o?er loans to students who score above a threshold on the national college admission test, providing the basis for a regression discontinuity evaluation design. I ?nd that students from relatively poor families who score just above the cuto? have nearly 20 percentage points higher enrollment than students who score just below the cuto?. Access to the loan program e?ectively eliminates the family-income gradient in enrollment among students with similar test scores. Moreover, access to loans also leads to higher enrollment in the second and third years of college. These ?ndings suggest that di?erential access to credit is an important factor behind the intergenerational transmission of income in Chile.

Url: http://ceg.berkeley.edu/students_33_2554871734.pdf

User Submitted?: No

Authors: Solis, Alex

Publisher: University of California Berkeley

Data Collections: IPUMS USA

Topics: Education, Other

Countries: United States