Table 3.
Article | Intervention type | Treatment | Impact | Cost | Relative effectiveness |
---|---|---|---|---|---|
Bettinger, Long, Oreopoulos, & Sanbonmatsu (2012) | Nudge | Tax professionals offered to help low-income families fill out financial-aid forms and calculate potential aid amounts at the time of tax preparation. | Increase of 8.1 (3.5) percentage points in likelihood of attending college the next year | $53.02 per participant for training of and payment for tax professionals, materials, software, and call-center support | 1.53 (0.66) additional students enrolled in college within the next year per $1,000 spent |
Dynarski (2003) | Traditional (financial incentive) | The Social Security Student Benefit Program gave out monthly stipends to young adults enrolled in college who had a parent eligible for benefits as a federal postsecondary-education subsidy until the 1980s. | Change of 18.2 (9.6) percentage points in likelihood of attending college | $5,181 per eligible person for stipends | 0.0351 (0.0185) additional students enrolled in college per $1,000 spent |
Long (2004a) | Traditional (financial incentive) | Some states offered state education subsidies for students attending their in-state public universities. | 2.3% increase in number of students attending college (from 5,535 to 5,664 students)a,b | $4,468 per college student ($25.3 million total) for subsidiesb | 0.0051 additional students enrolled in college per $1,000 spenta |
Long
(2004b); Bulman & Hoxby (2015) |
Traditional (financial incentive) | The federal government offered the Hope Scholarship, Lifetime Learning, and American Opportunity Tax Credits to subsidize spending on higher education. | Negligible effect | Negligible effect |
Note: Standard errors are reported in parentheses. Standard errors for the relative-effectiveness measure were calculated by scaling the standard errors for the overall impact by the cost of the intervention, ignoring any uncertainty regarding the cost of the intervention.
For this estimate, standard errors could not be calculated using the information reported. bIt was not possible to calculate a figure for this estimate that was strictly comparable with the other figures in the same column.