This study examines a diverse set of nearly 100 private institutions that adopted test-optional undergraduate admissions policies between 2005-2006 and 2015-2016. Using comparative interrupted time series analysis and difference-in-differences with matching, I find that test-optional policies were associated with a 3% to 4% increase in Pell Grant…

There is currently a great deal of interest in the potential of reductions in or elimination of the cost of college attendance for students (here referred to as college subsidies) to increase equitable access to higher education. A number of Democratic presidential candidates have advanced proposals for such programs. However, because colleges and…

Tuition discounting (TD), a practice whereby institutional grants are used to subsidize a student's educational expense, has become a common practice at four-year institutions. TDs impact on enrollments, financial aid, and budgets continues to increase, raising concerns about the long-term sustainability of the practice. Drawing upon Breneman's…

This manuscript reviews issues that differentiate traditional academic cheating from course misconduct that is motivated by a desire to defraud financial aid services in the U.S. Past research on college student cheating has assumed that cheaters are driven by an incentive to obtain undeserved grades in college in order to ultimately obtain a…

In this study, the authors examined the impact of two interventions related to the Free Application for Federal Student Aid (FAFSA) on postsecondary outcomes of low- to moderate-income individuals. The two interventions were included: (1) providing an estimate of need-based aid compared against tuition costs for nearby colleges and assistance in…

When The Goldman Sachs Foundation (GSF) made its first strategic social investment decision in 1999, it took note of one of Goldman Sachs' core corporate values: People are its greatest asset. The program's objective was--and is--clear and simple: to increase the number of high-potential young adults from historically underrepresented backgrounds…