Abstract
We study the effects of a change in financial aid policy introduced by an anonymous university in 1998. Prior to that time, the university's financial aid packages for low-income students consisted of grants, loans, and campus jobs. After the change, the entire loan portion of the package for low-income students was replaced with grants. We find the program increased the likelihood of matriculation by low-income students by approximately 3 percentage points, although the effect is not statistically significant. The effect among low-income minority students was between 8 and 10 percentage points and statistically significant at the 10% level.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 126-145 |
| Number of pages | 20 |
| Journal | Review of Economics and Statistics |
| Volume | 88 |
| Issue number | 1 |
| DOIs | |
| State | Published - Feb 2006 |
All Science Journal Classification (ASJC) codes
- Social Sciences (miscellaneous)
- Economics and Econometrics