When institutions introduce financial aid policies, researchers have an opportunity to study these policies within the framework of a natural experiment. For this methodological note, I use a natural experiment that occurred at the public university when institutional scholarship for all first-time freshmen meeting a minimum high school grade…

This report examines the value of SAT scores for determining merit-based scholarship decisions as well as admission to highly selective academic programs such as honors programs or colleges. Results show that the SAT is a highly effective tool for predicting students' chances of earning a first-year grade point average (FYGPA) of 3.00 or higher…

Objective/Research Question: Community college "Promise" programs have proliferated recently, particularly in areas with many low-income, academically struggling students. Many Promise programs restrict eligibility by high school performance but set eligibility thresholds quite low. As such they function as "low-bar" merit…

Becoming HOPEless in the 2-year sector addresses the question: "what happens when a state-wide policy removes merit-based financial aid from low-income students making satisfactory academic progress?" To assess the magnitude of this HOPEless effect, we compared credits attempted, attained, and persistence and graduation indicators of…

The Tuition Opportunity Program for Students (subsequently renamed the Taylor Opportunity Program for Students, also known as TOPS), Louisiana's merit-based student aid program, was created via Act 1375 of the 1997 Regular Legislative Session. The first freshman class to receive TOPS awards entered postsecondary education in the fall of 1998. Act…

We provide theory and evidence about how the design of college financial aid programs affects a variety of high school, college, and life outcomes. The evidence comes from an eight-year randomized trial where 2,587 high school ninth graders received a $12,000 merit-based grant offer. During high school, the program increased their college…

This dissertation focuses on microeconomic topics in the fields of public, labor and education. Particularly, this dissertation evaluates state policies in higher education and develops a global measure for job quality. Chapter 1 studies how state merit aid programs affect undergraduate degrees earned in Science, Technology, Engineering and…

States collectively invest over $12 billion a year to support over 4.5 million students through financial aid programs. This interactive 50-State Comparison provides a look at the specific criteria employed in the top two largest aid programs by state. This interactive resource includes details about which state programs are linked to measuring…

For more than seventy-five years, standardized tests have been considered a vital tool for gauging students' readiness for college. However, few people--including students, parents, teachers, and policy makers--understand how tests like the SAT or ACT are used in admissions decisions. Once touted as the best way to compare students from diverse…

This study examined the trends in enrollment numbers and academic quality of first-year Tennessee students on the merit-based portion of the Tennessee Education Lottery Scholarship (TELS) upon HBCU's and religiously focused institutions in Tennessee from 2005-2014. The researchers hypothesized that the merit-based portion of the TELS was a…

This study examines the impact of merit-aid programs on secondary course taking patterns. Specifically, this study uses difference-in-differences to analyze state-level Advanced Placement (AP) participation and examination data pre and post merit-aid adoption. Results indicate increases in AP participation and number of total examinations after…

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 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 purpose of this study was to determine the predictors of African-American enrollment at a private college. After a thorough literature review of college choice models, a set of quantitatively measured determinants were gleaned and identified for the statistical research and treatment. The set of predictors included high school grade point…

This report describes the findings from a series of descriptive analyses seeking to understand the potential relationship between college access and school poverty for high-achieving middle school students, focusing specifically on potential access to state merit-based grant funding. Researchers monitored the academic achievement of more than…