Little is known about the effects of need-based financial aid disbursed late into college and how students respond when they approach lifetime limits for receiving aid. I exploit changes to federal Pell Grant eligibility rules that reduced the lifetime availability for grant aid from 9 to 6 full-time-equivalent years to examine these questions.…

Higher education often operates under old rules -- rules that continue despite an increasingly diverse student population and improved understanding of human behavior and choice. Under these old rules, fewer than half of students graduate on time, if at all, and troubling equity gaps exist based on income, race, and ethnicity. It is time for new…

Navigating the complicated path through college can be a difficult task. The report analyses the problems students have on graduating on time--such as earning unnecessary credits--which costs them collectively billions of dollars and millions of hours each year. It also proposes a possible solution--Guided Pathways to Success (GPS), which can…