Objective/Research Question: States have increasingly used merit-based criteria to distribute scholarships and grants, and the dominant conversation on merit-aid programs centers on students attending 4-year colleges and universities. This study examines the characteristics of state-funded merit-aid programs for community college students and…

We use the natural experiment of a state lottery scholarship to measure the effect of generous financial aid on graduation rates at New Mexico's flagship public university. During the study period, the scholarship program paid full tuition for eight semesters for any state resident earning a 2.5 grade point average in their first semester at any…

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…

Given the increasing number of community college students aspiring to complete a bachelor's degree and the decrease in traditional college-bound high school graduates universities have started to focus their attention on the recruitment and retention of transfer students. The institution in this study is a large public research institution located…

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…

We replicate and extend prior work on Florida's Bright Futures merit aid scholarship to consider its effect on college enrollment and degree completion. We estimate causal impacts using a regression discontinuity design to exploit SAT thresholds that strongly determine eligibility. We find no positive impacts on attendance or attainment, and…

Becoming HOPEless in the 2-year sector addresses the question: "what happens when a state-wide policy removes merit-based financial aid from low-income students making satisfactory academic progress?" To assess the magnitude of this HOPEless effect, we compared credits attempted, attained, and persistence and graduation indicators of…

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 replicate and extend prior work on Florida's Bright Futures merit aid scholarship to consider its effect on college enrollment and degree completion. We estimate causal impacts using a regression discontinuity design to exploit SAT thresholds that strongly determine eligibility. We find no positive impacts on attendance or attainment, and…

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…

This chapter addresses the impact of free community college and state merit scholarships on college-going patterns of high school graduates, community college revenue contexts, and student access and completion at community colleges.

This research is a collection of essays that examine various aspects of a performance-based scholarship program designed to build social capital among first-generation community college students located in a large mid-Atlantic city in the United States. First-generation community college students, those whose parents did not attend college make up…

The outcomes states gain from investing in postsecondary financial aid programs remain hotly debated, leading to great interest in developing programs that are both cost-effective and productive in helping states meet goals. In the 2012-13 academic year, states collectively provided approximately $11.2 billion in financial aid to students enrolled…

In 2005, Kalamazoo, Michigan launched a bold and innovative economic development strategy, The Kalamazoo Promise (KP), which guarantees tuition to every high school graduate in the district. Since KP inception, high school enrollments are up and college attendance has increased, creating national attention. This paper analyzes the benefits and…

One of the major developments in financing undergraduate education in the United States in the past 20 years has been the introduction of broad-based merit-aid programs by state governments. The typical program waives tuition and fees at public colleges and universities for state residents who have attained a respectable grade-point average…