Hossler, Don, Shouping Hu, and Jack Schmit. 1999. Predicting Student Sensitivity to Tuition and Financial Aid. Journal of Student Financial Aid 29(1): 17—31.
Using a random sample of 296 students attending 21 high schools in Indiana, the authors examine the effects of a student‚s gender, father‚s educational attainment, family income, high school GPA, and educational expectations on student sensitivity to financial aid. Hossler et al. find that being female, as well as higher levels of a father's education and family income, reduce student-reported importance of financial aid. GPA and academic goals do not significantly affect student-reported importance of financial aid. Students also report that financial aid is less of a factor in their college choice if they have more information about financial aid programs or if they expect a larger contribution from their parents to their educational expenses. Conversely, minority students are more likely to report that financial aid affects their final choice of institution because they are more concerned with college costs.