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.…

We conduct the first long-term experimental evaluation of a need-based financial aid program, the privately funded Wisconsin Scholars Grant. Over multiple cohorts, the program failed to increase degree completion and graduate school enrollment up to 10 years after matriculation. The program did reduce time-to-degree for some students and modestly…

RAND researchers studied more than 450,000 recipients of New Jersey's Tuition Aid Grant (TAG) -- the nation's most generous state-funded grant program per state resident college student -- to explore whether getting larger amounts of grant aid led to higher graduation rates for students at varying income levels and attending two-year, four-year,…

This dissertation includes three chapters focusing on policies directly related to improving college access and success. The first chapter focuses on lifetime eligibility of federal and state financial aid policies. The Pell Grant plays a critical role in helping students across the US to afford undergraduate education. In spite of its importance…

We examine whether college students' persistence in finding a suitable major field of study influences the likelihood of graduation. We find that students who make an effort to select a suitable major early in their college careers graduate in a more timely fashion. Although changing majors is associated with delayed graduation, struggling…

A common misperception suggests that a high-achieving student can easily complete a degree with very limited debt, and that students with high levels of debt are thus underachievers. This assumption is supported by memories of previous decades when it was realistically possible for most students to work their way through college. This view,…

Over the previous two decades, state lawmakers have made two fundamental changes to how they finance their public universities. They have shifted more of the costs of higher education to students and their families through higher tuition rates; and created new grant programs that are not solely based on financial need but require prior…

Postsecondary leaders and policy-makers have turned to performance-based aid programs as one way reduce time to degree completion and improve completion rates among low income students. By tying aid eligibility to minimum academic performance standards in college, it is thought that greater academic commitment can be promoted. Underlying these…

This white paper, examines state policies to improve affordability, encourage full-time enrollment, and incent timely completion of postsecondary credentials and degrees. The authors found that existing grant aid programs do not provide sufficient support to allow students with documented need to cover tuition costs and living expenses, nor do…

The analysis in this report examines the national gap and institutional-level gaps in graduation rates between Pell and non-Pell Grant recipients at nearly 1,150 four-year, public and private nonprofit institutions across the nation. The data show the national graduation rate for Pell Grant recipients attending institutions in the sample is…

Developmental education is integral to higher education in the United States. In academic year (AY) 2011-12, about one-third of all first-year undergraduates and 40 percent of first-year community college students were enrolled in at least one developmental course (NPSAS:12). Generally, students who fail to achieve adequate scores on placement…

Using the 2007-2008 National Postsecondary Student Aid Study, this study tested positively the hypothesis that college students are either likely to acquire debt above the national median or work more than 30 hours a week in order to graduate from a four year degree within six years. These results resonate with the theory of academic capitalism,…