Limited literature has investigated the effects of state and institutional merit-based financial aid on student choice of science, technology, engineering, and mathematics (STEM) major fields, an unintended consequence with important implications. By leveraging nationally representative longitudinal data from the Beginning Postsecondary Students,…

This study examines the effect of state need-based financial aid on crucial student outcome measures at 4-year institutions. In particular, I seek to analyze differential effects across income groups. To account for potential endogeneity bias and the nested data structure, this study employs a propensity score matching, multilevel modeling…

This set of Web Tables is the first in a series of four that together provide key information about 2011-12 first-time postsecondary students' characteristics and their 6-year retention, persistence, attainment, withdrawal, stopout, and transfer rates. The series draws on data collected for the 2012/17 Beginning Postsecondary Students Longitudinal…

In the context of the privatization of higher education, this study examines the possible role of state finances in promoting equal educational opportunities. Through the combined use of a national representative database and a state finance database and the application of hierarchical generalized linear modeling methods, this study found that…

This report discusses the current state of higher education, with a brief high-level overview of the market and a more detailed discussion and analysis of the financial aid system. It also discusses the important changes President Obama has made to make higher education more accessible and affordable. The key findings are: (1) The economic returns…