Characteristics and paradoxes of financial aid in China higher education
Based on a survey of a university in 2007,this paper presents an empirical analysis from the perspective of micro-foundation on the demand features of the students with family financial difficulties in colleges and the characteristics of the decision-making of their aiding selection.The characteristics of this research are to design a questionnaire to discriminate the probable gaming between the recipient and the researchers,according to the hidden information behind the questions in the questionnaires,and to do a research on the modes of financial aid by logit model and nearly 3000 first-hand large sample data.The modes of financial aid are divided into three categories for the first time,including voluntary support,pay-now and pay-after support.The results show that the supply and the demand of the financial aid is unmatched.The recipients' selections are always against the sponsors' strategy is one of the paradoxes.