Low-income students' preferences for higher education might depend on the uncertainty of financial aid. Using a time discontinuity design, this paper exploits the unanticipated cancellation of a nationwide Colombian merit and need-based scholarship, called "Ser Pilo Paga," to study its consequences on students' preferences for higher…

We provide evidence about college financial aid from an eight-year randomized trial where high school ninth graders received a $12,000 merit-based grant offer. The program was designed to be free of tuition/fees at community colleges and substantially lower the cost of four-year colleges. During high school, it increased students' college…

Objective/Research Question: Community college "Promise" programs have proliferated recently, particularly in areas with many low-income, academically struggling students. Many Promise programs restrict eligibility by high school performance but set eligibility thresholds quite low. As such they function as "low-bar" merit…

The Tuition Opportunity Program for Students (subsequently renamed the Taylor Opportunity Program for Students, also known as TOPS), Louisiana's merit-based student aid program, was created via Act 1375 of the 1997 Regular Legislative Session. The first freshman class to receive TOPS awards entered postsecondary education in the fall of 1998. Act…

We provide theory and evidence about how the design of college financial aid programs affects a variety of high school, college, and life outcomes. The evidence comes from an eight-year randomized trial where 2,587 high school ninth graders received a $12,000 merit-based grant offer. During high school, the program increased their college…

The COVID-19 pandemic has created and will continue to create uncertainty in all facets of everyday life, exacerbating current challenges -- and generating new ones -- for every sector of the economy, including postsecondary education. As the pandemic continues, postsecondary education faces increasing pressures as concerns about health and…

The effect of state funded merit aid for college tuition on student performance in high school has been largely ignored by the current literature on merit aid programs, even though one aim of these programs is to provide incentives for increased academic achievement in high school. To test for such effects, we employ a selection model for…

Talented students from underserved backgrounds face many barriers to attaining higher education. Two of the most significant impediments are the low quality of primary and secondary schools they attend and the lack of access to top-tier universities providing sufficient financial aid and targeted support. Lower levels of educational attainment are…

This study evaluates the effect of Florida's Bright Future Program on student college choices. We used regression discontinuity design to estimate the effect of two award levels, which had different SAT/ACT thresholds, on the probability of students choosing in-state public colleges and four-year public colleges. The most consistent and robust…

Twenty-one US states currently offer some form of merit-based postsecondary financial aid, although the generosity and eligibility requirements of merit aid programs varies from state to state. This article uses nationally representative data from high school students in the early 1990s and the early 2000s to evaluate the relationship between the…

This study describes the college choice experiences of high school students eligible for the Pittsburgh Promise, a place-based merit-aid scholarship. The Pittsburgh Promise provides scholarships of up to $10,000 to eligible students graduating from Pittsburgh public and charter schools who enroll at postsecondary institutions within the…

This project represents the beginning of a partnership between the State of Michigan and researchers at the University of Michigan and Michigan State Michigan. The partnership is formalized as the Michigan Consortium for Educational Research (MCER). The goal of MCER is to engage key stakeholders and experts in high quality education research for…

Comprising eleven financial aid programs, the Tennessee Education Lottery Scholarship (TELS) provided financial aid to 101,569 students at a cost of $297,589,674 in 2010-11 (Tennessee Student Assistance Corporation [TSAC], 2011). The four largest programs (the HOPE scholarship program, the General Assembly Merit Scholarship program [GAMS], the…

The SREB Fact Book on Higher Education includes data on the population and economy, enrollment, degrees, student tuition and financial aid, faculty and administrators, revenue and expenditures. With more than 100 tables of detailed information, the Fact Book is one of the nation's most respected and most comprehensive collections of comparative…

In the knowledge economy, the journey of education to develop a flexible, knowledgeable, and skilled workforce should begin in pre-school and continue until at least an associate degree--the equivalent of a high school diploma a generation ago--is achieved. A high school diploma is not sufficient to compete in a global economy. The number of…