This paper examines how financial aid reform based on postsecondary institutional performance impacts student choice. Federal and state regulations often reflect concerns about the private, for-profit sector's poor employment outcomes and high loan defaults, despite the sector's possible theoretical advantages. We use student level data to examine…

The Alaska Performance Scholarship (APS) is beginning its ninth year rewarding students who strive to excel in high school and continue their education in degree and certificate programs in Alaska. This report covers the high school, postsecondary, Alaska residency, and workforce outcomes of the APS program between 2011-Fall 2018.

The Alaska Performance Scholarship (APS) is beginning its tenth year rewarding students who strive to excel in high school and continue their education in degree and certificate programs in Alaska. This report covers the high school, postsecondary, Alaska residency, and workforce outcomes of the APS program between 2011-Fall 2019. [For…

We examine the impacts of being awarded a Cal Grant, among the most generous state merit aid programs. We exploit variation in eligibility rules using GPA and family income cutoffs that are ex ante unknown to applicants. Cal Grant eligibility increases degree completion by 2 to 5 percentage points in our reduced form estimates. Cal Grant also…

The Alaska Performance Scholarship is beginning its eighth year, rewarding students who strive to excel in high school and continue their education in degree and certificate programs. Since the program began in 2011: (1) 17,148 high school students have completed the eligibility requirements for APS; and (2) 7,630 students have used the…

The 2014 Alaska Performance Scholarship (APS) Outcomes Report analyzes the characteristics of high school graduates, those who were eligible to receive the scholarship, and those who went on to make use of it during the three years of the scholarship's existence. The analysis includes their geographic, gender, ethnic, and socioeconomic…

Five years ago Alaska's high school graduating class of 2011 became the first with the opportunity to accept the state's "invitation to excellence," the Alaska Performance Scholarship (APS), to pursue their postsecondary studies. Eligible graduates could receive up to $4,755 per year for up to four years to study at a participating…

The Alaska Performance Scholarship was established in state law in 2011 and first offered to Alaska high school graduates beginning with the class of 2011. Described as "an invitation to excellence" to Alaska's high school students, its goal was to inspire students to push themselves academically in areas that correlate to success in…

Any reform of federal student aid must address the twin challenges of college affordability and completion, which are inextricably linked. Here, CLASP has proposed ways to redirect existing federal student aid spending toward the low- and modest income families who need it most. These are the students for whom federal aid makes a difference in…