Evaluating Colleges that Enroll Students from Both High and Low Income Families

Article Analysis
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Article Analysis
Macro and microeconomic principles are applicable in everyday life. Analysis of a microeconomic article is influential in determining the quality of the article in addressing economic issues. The chosen article from the syllabus is: “Closing the Gap: The Effect of Reducing Complexity and Uncertainty in College Pricing on the Choices of Low-Income Students” by Dynarski et al. (2021). The article focuses on evaluating the selective colleges that enroll students from low-income families and the high-income students with equivalent grades. Complexity and ambiguity in the admissions and financial assistance process may have exacerbated these biases. The experiment results in the article reveal that Students' college choices are influenced by factors like present prejudice, uncertainty, and loss aversion. The paper gives a detailed evaluation of the research question, data used in the experiment, causation, and conclusion summary.
Research Question
The article entails an experiment concerning the existing education gap and enrollment programs in colleges between students from low- and high-income households. Income gaps in the quality of college education are the central area of concern to the researchers. The study is thus deemed to come up with effective interventions to reduce the gap highlighted. The research question of the article is “how to address the gap in enrollment of academic institutions between low- and high-income students with exemplary achievements in enhancing quality education and reducing the uncertainties associated with college pricing” (Dynarski et al., 2021). Educational and income inequality among low-income students is usually triggered by the lack of adequate representation at selective colleges. The differences in academic preparation bring about inequalities between the two student groups.
The research question matters because it tries to solve the inequality problem in society between the high-income earners and low-income earners concerning education level. Through the study, relevant and sustainable interventions are adopted to help reduce the problem identified. The experiment introduced a sustainable High Achieving Involved Leader Scholarship program that tries to help low-income students access college enrollments (Dynarski et al., 2021). The program offers support while reducing the complexity of college admissions and enrollments. The study is significant as it hastens the achievement of quality education for all students in society regardless of their financial and economic status.
Data Used
The researchers utilized the longitudinal administrative data obtained from the education department of Michigan. The data was used to reveal the number of students in public schools who are likely to apply for admission to Michiga...