Date of Award

2021

Document Type

Honors Thesis (Open Access)

Department

Colby College. Economics Dept.

Advisor(s)

Timothy Hubbard

Second Advisor

Benjamin Scharadin

Abstract

I use U.S. News data spanning 2002-2019 on 200 U.S. liberal arts colleges to examine the effect of the application fee on four outcome variables: applications, nonwhite undergraduates, mean undergraduate SAT scores, and number of first- years from the top ten percent of their high school class. I find strong evidence that schools enroll more nonwhite students and have lower mean SAT scores in years when they do not charge an application fee, although there is no effect of the fee on first-years from the top ten percent of their high school class. Notably, I find that removing the application fee has no effect on the number of applications that a school receives. Removal of the application fee appears to increase diversity at liberal arts colleges, with no effect on academic quality as measured by number of first-years from the top ten percent of their high school class.

Keywords

Application fees, applications, diversity, academic quality

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