College debt concerns

People might wonder whether it’s just too time-consuming to apply to more schools. From a behavioral economics perspective, it’s easy to understand why. Even though parts of the college application process have become much easier with the common app, time costs remain a real concern, as some scho...

People might wonder about the downsides of applying to more schools, such as the cost. But, while each additional application costs money, schools will often waive the fee in cases where it would create a financial hardship.

For example, Harvard waives the fee for students whom the fee ...

People wonder if rolling the dice too many times, hoping to get lucky, will land them at a school that is too hard and leave them worse off than had they applied to a smaller pool. But that is not what the evidence shows. 

In one experiment, economists Caroline Hoxby and Sarah Turner n...