Does Federal Student Aid Raise Tuition? New Evidence on For-Profit Colleges

Stephanie Riegg Cellini, Claudia Goldin

NBER Working Paper No. 17827
Issued in February 2012, Revised in April 2013

---- Acknowledgements ----

We thank the many individuals at the state higher education and for-profit regulatory agencies of FL, MI, MO, TN and WI who helped us access the data for this project. We are grateful to Dana Hecht and Jason Poulos for excellent research assistance and to Sandy Baum, Latika Chaudhary, Jeffrey Groen, Larry Katz, John Karl Scholz, Judith Scott-Clayton, Lesley Turner, and three anonymous referees for helpful comments. Suggestions received from seminar participants at the NBER Education Program Meeting, AEFP, AEI, and the U.S. Department of Labor have made this a better paper. We are especially grateful to Lesley Turner for providing data on Pell Grant recipients by institution. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

---- Disclosure of Financial Relationships for Stephanie Riegg Cellini ----

The funding for my portion of this project was primarily from unrestricted university funds. Various RAs were funded through these unrestricted grants but most of the research work was done by the two authors. Goldin has funds to research the for-profit sector from the Institute of Education Services (Department of Education) through Columbia University (Center for Analysis of Postsecondary Education and Employment). But this research was conducted before receipt of that grant.

---- Disclosure of Financial Relationships for Claudia Goldin ----

My work on this project was not externally funded. Research assistance was provided through my general research support at George Washington University, but most of the work was done directly by the authors. However, a previous grant from the Ford Foundation supported my work on a policy brief identifying potential sources of state regulatory agency data across all 50 states. We drew on data from five of these states for this analysis.

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