finance has become increasingly salient in both popular and academic circles. Much of the literature on higher education finance focuses on the extent to which current financial trends, particularly regarding the finance of public institutions, impact student outcomes (Bettinger, 2004; Blose, Porter, and Kokkelenberg, 2006; GansemerTopf and Schuh, 2006; Ryan, 2004; Titus, 2006, 2009; Zhang, 2009) and the overall quality of education provided by American colleges and universities ∗ Direct correspondence…
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