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Direct linkEvans, Brent Joseph; Nguyen, Tuan D. – AERA Online Paper Repository, 2017
Grant aid reduces the financial burden of human capital investment in postsecondary education. Theory suggests grant aid should substitute for other financial resources such as borrowing and labor market participation. Although studies have individually examined the impact of grant aid on hours of paid work and on borrowing for education, students…
Descriptors: Federal Aid, Grants, Eligibility, Academic Persistence
