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Cavin, Edward S. – Economics of Education Review, 1995
Demand for Pell Grant financial aid has become difficult to predict when using the current microsimulation model. This paper proposes an alternative model that uses aggregate data (based on individuals' microlevel decisions and macrodata on family incomes, college costs, and opportunity wages) and avoids some limitations of simple linear models.…
Descriptors: Higher Education, Mathematical Models, Paying for College, Simulation