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The Impact of Developing Hispanic-Serving Institution Program on College Persistence, Completion Rates, and Student Debt

Author

Listed:
  • Li Feng
  • Yao-Yu Chih
  • Yunwei Gai
  • Lynn MacDonald

Abstract

The Developing Hispanic-Serving Institution (DHSI) Program is one of the largest federal grant programs that support Hispanic-Serving Institutions. We employ an eleven-year panel dataset of U.S. higher education institutions to implement a difference-in-differences (DID) design, two-way fixed effect model (TWFE), and propensity score matching (PSM) to compare DHSI grantee institutions with other Title V eligible higher education institutions that did not receive DHSI funding. We find that the receipt of DHSI grant funding helps these institutions significantly improve their retention rates (2~ percentage points), completion rates (1-3 percentage points), and reduce their students’ debt level (e.g., $500~$1000 lower for graduated students). Our back-of-the-envelope cost-benefit calculation shows that the DHSI program benefits exceed cost.

Suggested Citation

  • Li Feng & Yao-Yu Chih & Yunwei Gai & Lynn MacDonald, 2024. "The Impact of Developing Hispanic-Serving Institution Program on College Persistence, Completion Rates, and Student Debt," CESifo Working Paper Series 11392, CESifo.
    • Handle: RePEc:ces:ceswps:_11392
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    References listed on IDEAS

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    1. Andrews, Rodney J. & Imberman, Scott A. & Lovenheim, Michael F., 2020. "Recruiting and supporting low-income, high-achieving students at flagship universities," Economics of Education Review, Elsevier, vol. 74(C).
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    More about this item

    Keywords

    Developing Hispanic-Serving Institution (DHSI) Program; Hispanic-Serving Institutions (HIS); difference-in-differences (DID) design; two-way fixed effect model (TWFE); propensity score matching (PSM) approach;
    All these keywords.

    JEL classification:

    • H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education
    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • I28 - Health, Education, and Welfare - - Education - - - Government Policy

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