REFERENCE TEXT MATERIAL (Just glance through the same and refer it to solve the above question) -
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REFERENCE TEXT MATERIAL (Just glance through the same and refer it to solve the above question) -
and refer it to solve the above question) -
Question 18 3.0 points possible (graded, results hidden) Consider the following equation: Yi = 80 +81 FAFSA; +82INFO; + Ei where y is the outcome for individual i, FAFSA represents whether HR Block offered individual i the first treatment (assistance with completing the FAFSA and a personalized aid estimate), and INFO represents whether individual i was offered the second treatment (an estimate of the amount of financial aid they are eligible for at area colleges but no help with the FAFSA form). Suppose we are only interested in whether dependent participants who attended college. Using the data (Column 2) from Table III, answer the following questions. What is do? What is 81? What is 82?
Bettinger et al (2012) examine the role of application assistance and information in college decisions. The authors conducted a randomized field experiment in which low-income individuals receiving tax preparation help were also offered immediate assistance and a streamlined process to complete the Free Application for Federal Student Aid (FAFSA) for themselves or their children. Treated participants were also provided with aid estimates that were compared against tuition cost amounts for nearby colleges. Individuals were randomly assigned to either receive the FAFSA assistance treatment, aid eligibility information only, or no treatment. Results can be found in (a modified version of) Table III: Summary of the Results below: Outcome during first year following experiment (1) Filed FAFSA (Based on DOE data) (2) Attended College (Based on NSC and OBR data (3) Attended College and Received Pell Grant (Based on DOE data) Dependent Participants (N=868) Control Group Mean 0.399 0.342 0.296 FAFSA Treatment Effect 0.157 (0.035)*** 0.081 (0.035)** 0.106 (0.034)*** Info Treatment Effect -0.012 (0.060) -0.004 (0.058) 0.004 (0.056) Independent Participants, No Prior College (N=9228) Control Group Mean 0.161 0.095 0.111 FAFSA Treatment Effect 0.267 (0.009)*** 0.015 (0.007)** 0.036 (0.007)*** Info Treatment Effect -0.019 (0.014) 0.003 (0.012) -0.016 (0.012) Independent Participants, Some Prior College (N=6646) Control Group Mean 0.320 0.263 0.209 FAFSA Treatment Effect 0.195 (0.012)*** -0.003 (0.011) 0.017 (0.011) Info Treatment Effect 0.027 (0.023) 0.013 (0.021) 0.015 (0.020) Notes:Treatment effects are mean differences between treatment and control groups (estimated using OLS). Robust standard errors in parentheses. DOE=Department of Education. NSC = National Student Clearinghouse. OBR=Ohio Board of Regents. Single, double, and triple asterisks indicate statistical significance at 10, 5 and 1 percent level, respectively.