Learning from the Test: Raising Selective College Enrollment by Providing Information

62 Pages Posted: 10 Nov 2013

See all articles by Sarena Goodman

Sarena Goodman

Board of Governors of the Federal Reserve System

Date Written: September 12, 2013

Abstract

In the last decade, five U.S. states adopted mandates requiring high school juniors to take a college entrance exam. In the two earliest-adopting states, nearly half of all students were induced into testing, and 40-45% of them earned scores high enough to qualify for selective schools. Selective college enrollment rose by 20% following implementation of the mandates, with no effect on overall attendance. I conclude that a large number of high-ability students appear to dramatically underestimate their candidacy for selective colleges. Policies aimed at reducing this information shortage are likely to increase human capital investment for a substantial number of students.

Keywords: Economics of education, college access

JEL Classification: I23, I20, I24, I28, H4, J24

Suggested Citation

Goodman, Sarena, Learning from the Test: Raising Selective College Enrollment by Providing Information (September 12, 2013). FEDS Working Paper No. 2013-69. Available at SSRN: https://ssrn.com/abstract=2350463 or http://dx.doi.org/10.2139/ssrn.2350463

Sarena Goodman (Contact Author)

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

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