When planning for college, students face a range of constrained choices governed in part by variation among institutions. What are the economic consequences of those decisions and constraints during and after college? We know borrowing patterns vary by institutional sector, yet colleges within a sector vary considerably by admission and graduation…

Parental income and wealth contribute to children's success but are at least partly endogenous to parents' cognitive and noncognitive skills. We estimate the degree to which mothers' skills measured in early adulthood confound the relationship between their economic resources and their children's postsecondary education outcomes. Analyses of…

Although some scholars report that all students are better served by attending more prestigious postsecondary institutions, others have argued that students are better off attending colleges where they are about average in terms of academic ability and suffer worse outcomes if they attend schools that are "out of their league" at which…

Buchmann, Condron and Roscigno argue in their article, "Shadow Education, American Style: Test Preparation, the SAT and College Enrollment," that the activities in which students engage to prepare for college entrance exams are forms of shadow education, a means by which more advantaged parents seek to pass their privileged status along…