Merit aid is an increasingly important component of college scholarships, but policymakers are concerned that merit aid is often given to students who would enroll anyway. As a baseline we use a regression discontinuity (RD) framework to test an institution-level merit aid program at a public research university and find that the merit aid program…

Many existing student persistence and retention studies overlooked the different types of departure (e.g., dropout, transfer) and aggregate them into a single departure variable, as a result, the estimates from these studies are spurious when one is interested in what student characteristics prompt dropout but not transfer. This can be especially…

Using data from two freshmen cohorts at a public research university (N = 3730), this study examines the relationship between loan aid and second-year enrollment persistence. Applying a counterfactual analytical framework that relies on propensity score (PS) weighting and matching to address selection bias associated with treatment status, the…

The provision of grant aid is important to students' postsecondary opportunities and success. It is well established that grant aid increases the probability of enrollment in postsecondary education. A slate of studies in recent years has extended this research to examine whether grant aid also has an impact on persistence and degree attainment.…

In this article, I utilize a regression discontinuity design to estimate the effects of Tulsa Achieves--a prevalent and understudied type of tuition-free college program. In contrast to concerns regarding tuition-free community college suppressing bachelor's degree attainment, I find that Tulsa Achieves increased the likelihood of transferring to…

Facing the increased demand for accountability, colleges and universities nationwide embarked on various initiatives to increase college attainment. One such effort is the Florida state statute, commonly referred to as excess hour surcharge policy, which was implemented at 12 state universities effective July 2009. The Florida legislature intends…

This study examines the relationship between Cycle 1 of the Houston Independent School District (HISD) College Success Initiative and students' preparation for, enrollment in, and persistence in college. Rates of FAFSA submission, two-year applications, four-year applications, and on-time college enrollment all significantly increased during Cycle…

We estimate the percentage of eligible students who do not take up their federal need-based student financial aid entitlements in a microsimulation model for the German Socio-Economic Panel Study 2002--2013. We find that about 40% of the eligible low-income students do not take up their entitlements. Non-take-up is inversely and rather…

The climate in college admissions is more competitive than ever, making understanding the college choice factors that contribute to a student's enrollment decision increasingly important. Using admitted student data from a liberal arts institution in the northeast for fall 2008 to fall 2011, and after controlling for student preparedness,…

In this study, we provide updated estimates of the private and social financial return on enrolling in a master's degree program in the United States. In addition to returns for all fields of study, we show estimated returns to enrolling in master's degree programs in business and education, specifically. We also conduct a sensitivity analysis to…

In this paper, we estimate the effect of receiving financial aid for a cohort of students who enrolled at Politecnico di Milano (Italy) in the year 2007/2008, through a propensity score matching approach. Using administrative data about these students for four years, the impact of the financial aid on several dimensions of academic performance was…

Inequalities do not end once students enter higher education. Yet, the majority of papers on the effectiveness of higher education aid examine its impact on college enrolment. In this paper, we provide evidence on the causal impact of means-tested but otherwise unconditional financial aid on the outcomes of students who have already enrolled in…

Over the previous two decades, state lawmakers have made two fundamental changes to how they finance their public universities. They have shifted more of the costs of higher education to students and their families through higher tuition rates; and created new grant programs that are not solely based on financial need but require prior…

Student employment subsidies are one of the largest types of employment subsidies and one of the oldest forms of student aid. The Federal Work-Study program (FWS) is the largest student employment subsidy program; since 1964, it has provided about $1 billion per year to cover 75 percent of wages for student employees, who typically work on campus…

Using the Educational Longitudinal Study of 2002 (ELS 2002), a unique survey that tracks High School sophomores to young adulthood, we estimate the relationship between student loan debt, educational attainment, and tenure choice. We improve upon prior studies by matching pre-treatment characteristics through coarsened exact matching (CEM) and…