Indiana, Oklahoma, and Washington have programs designed to address college enrollment and completion gaps by offering a promise of state-based college financial aid to low-income middle school students in exchange for making a pledge to do well in high school, be a good citizen, not be convicted of a felony, and apply for financial aid to…

Indiana, Oklahoma, and Washington have programs designed to address college enrollment and completion gaps by offering a promise of state-based college financial aid to low-income middle school students in exchange for making a pledge to do well in high school, be a good citizen, not be convicted of a felony, and apply for financial aid to…

This study investigated the relationship between institutional graduation rates of students with Pell grants and institutional/financial aid characteristics. Study findings suggest that increasing the proportion of Pell recipients was related to a decrease in Pell student graduation rates, while increasing institutional grants was associated with…

We conduct the first long-term experimental evaluation of a need-based financial aid program, the privately funded Wisconsin Scholars Grant. Over multiple cohorts, the program failed to increase degree completion and graduate school enrollment up to 10 years after matriculation. The program did reduce time-to-degree for some students and modestly…

This paper studies the impact of the Economic Growth and Tax Relief Reconciliation Act of 2001 that amended employer-sponsored education assistance (ESEA) fringe benefits from taxable to nontaxable for graduate studies. ESEA is an integral part of graduate education finance and is the dominant non-loan source of student aid. Using…

The objective of this audit was to determine whether Federal Student Aid (FSA) ensured that: (1) its total and permanent disability (TPD) discharge process operated in accordance with Federal program requirements; and (2) accurate information on student loan discharges was entered into FSA's system of records. The audit covered TPD accounts that…

In this paper, we leverage the random assignment of a need-based financial aid grant offer--the Fund for Wisconsin Scholars (FFWS) grant--and several sets of administrative records to provide experimental evidence on the effects of the grant offer on students' in-state employment and earnings. For students in four-year universities, our results…

The 50-State Comparison on 529 Education Savings Plans provides a national comparison of state policies and activities related to state 529 education savings plans. It focuses on three main categories of state policies related to 529 plans: contributions, withdrawals, and eligible expenses. The information in this resource was gathered from state…

The 50-State Comparison on 529 Education Savings Plans provides a national comparison of state policies and activities related to state 529 education savings plans. It focuses on three main categories of state policies related to 529 plans: contributions, withdrawals, and eligible expenses. The information in this resource was gathered from state…

The time is now to examine the nation's capacity to help guide students in gaining access to, paying for, and graduating from college. College promise programs have served as an excellent model. But because a uniform, national college promise model would not adequately serve the estimated 20 million students in postsecondary education, ETS and…

The purpose of this study was to report on the effects of a comprehensive set of postsecondary grant aid programs on outcomes from initial college enrollment to post-college employment, based on a systematic review of the literature from January 2002 to January 2020. Studies that used randomized-controlled trials, regression discontinuity designs,…

From March 2020 through March 2021, three laws provided increasing levels of federal funding for elementary, secondary, and postsecondary education primarily through the Education Stabilization Fund (ESF) in response to the national emergency related to the COVID-19 pandemic as declared by President Trump on March 13, 2020. On March 27, 2020,…

This paper examines how private college and university endowments affect financial aid, admissions selectivity, and the economic and racial composition of incoming students. Because endowment levels are a function of expenditures and alumni giving, which are endogenous to the outcomes of interest, the design exploits changes in endowments stemming…

The purpose of this retrospective analysis research study was to create a trend description of rural students' characteristics and outcomes of higher education in one state in the northeastern United States. An additional aim of the study was to determine the distance to campus for rural and non-rural students and the relationships between…

Obtaining a college degree creates a pathway for low-income students and their families toward advancement within American society. Earning a postsecondary credential positively impacts an individual's employment outcomes, income, job satisfaction, and overall health. In working toward this goal, older, financially independent working…