For decades, college tuition costs have been skyrocketing, yet state financial aid has failed to meet the increasing economic needs of college students -- leaving many young people with the choice of bridging the financial gap by taking out student loans or not attending college at all. This pressing issue of rising college tuition is not just a…

This study examines the impact of merit-aid programs on secondary course taking patterns. Specifically, this study uses difference-in-differences to analyze state-level Advanced Placement (AP) participation and examination data pre and post merit-aid adoption. Results indicate increases in AP participation and number of total examinations after…