Gaps in college completion persist between low- and high-income students. These disparities can be attributed in large part to a lack of college affordability and information asymmetries about the process of accessing financial assistance as well as other campus-based resources and supports. While substantial policy investments have been made to address these inequalities, such as expanded financial aid programs and increased investments in college advising, these programs are not always fully utilized by students who might benefit from them. In this essay, we apply a behavioral economics perspective to examine how financial constraints affect students' navigation of the complex processes–financial, academic, and otherwise–required to succeed in American higher education. We conclude with a discussion of evidence-based behavioral strategies that policy-makers and educators can draw on to proactively mitigate these behavioral obstacles and improve student success.

中文翻译：

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财务约束与大学生学习：行为经济学的视角

低收入和高收入学生之间的大学学业差距仍然存在。这些差异在很大程度上可以归因于缺乏大学负担能力以及有关获得财务援助以及其他基于校园的资源和支持的过程的信息不对称。尽管已经为解决这些不平等现象进行了大量的政策投资，例如扩大了经济援助计划并增加了对大学咨询的投资，但可能从中受益的学生并不总是充分利用这些计划。在本文中，我们从行为经济学的角度研究财务约束如何影响学生在美国高等教育中获得成功所必需的复杂过程的导航，包括金融，学术和其他方面。