While considerable evidence has accumulated on state-funded merit-based scholarships, research on the effects of specific scholarship design choices has been thin, perhaps in part because cross-state comparisons are difficult. As one of the only states to enact major changes in the design of its merit-based scholarship program, Georgia provides a…

Do students respond to sticker prices or actual prices when applying to college? These costs differ for students eligible for financial aid. Students who do not understand this may not apply to some colleges because of the perceived high cost. We test for this form of "sticker shock" using College Board data on SAT scores sent, as a…

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.

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…

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 cost of attending college has risen steadily over the past 30 years, making financial aid an important determinant of college choice for many students and a subject of concern for colleges and state governments. In this paper, we estimate the effect of rule-based merit aid assignment on students' enrollment decisions at the University of Iowa.…

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…

Current federal student financial assistance programs are described, and their impact on access to and choice of postsecondary education are assessed. In addition, recommendations and policy options for promoting educational opportunity are offered. Findings of the following eight studies are analyzed: (1) changes in college attendance and student…