This document will test the idea of how the privatization of
college and other governmental policies has shifted the overall cost of public,
private, and for-profit bachelor’s degrees upwards, leading to a change in
demand of more financially incentivized major choices. The main objective of
this research is to test if there is a demand shift in major choice that has
been created due to the rising overall price of higher education. Results
suggest that changes in government funding to institutions are associated with both
the price and the fields of studies that students are majoring in. Further analysis
suggests how certain time periods do offer a relationship between tuition
prices and major outcome, but the relationship is not consistent throughout the
time of heightened college costs.
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