The United States has widely experimented with merit-based financial aid to make college more accessible and affordable for its youth. Varying in design and benefits, these state-run programs subsidize college costs for academically meritorious high-school graduates. While broadly linked to higher college attendance the distribution of aid…

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…

College-provided scholarships, or tuition discounts, are in the news. The National Association of College and University Business Officers recently estimated that the average discount for full-time, first-year undergraduates at private nonprofit colleges and universities hit 50 percent in the fall of 2017. In other words, these institutions…

It was not far back in history when a significant section of society in India preferred public funding over private funding for education. This article attempts to go back to the decisive point when private funding replaced public funding for education. It also investigates the reasons for such a shift in preference. Even after the preference for…

St. Lawrence University received a five-year Scholarships in Science, Technology, Engineering, and Mathematics (S-STEM) award from the National Science Foundation (NSF) to create the multidisciplinary Liberal Arts Science Scholars program (award #1458712), which makes a high quality science and mathematics education accessible to high achieving,…

Institutions across the country continue to ponder and evaluate strategies for aligning financial aid to complement their enrollment goals. Two Indiana University enrollment managers examine the purposeful application of institutional aid in financial aid packaging. In response to the debate about the of merit-based aid vs. the appropriate share…

This paper uses panel data for the 100 colleges and universities at which the largest number of National Merit Scholarship (NMS) winners enrolled in 2003 to test whether an expansion in the number of institutionally funded NMS winners at an institution is associated with a decline in the number of Pell Grant recipients at the institution. Our…

Ten years ago, the state best known for its peaches launched a revolution that still reverberates in the halls of colleges and universities across the country. Faced with a plethora of poorly performing high-school students and a growing number of graduates fleeing the state for postsecondary study, Georgia unveiled its Helping Outstanding Pupils…

As of 2005, 15 states had adopted a broad-based merit aid program, providing a combined $1.2 billion for college students on the basis of academic qualifications. This represents a shift away from a long tradition of need-based aid at the state and federal levels. This article utilizes a Cox proportional hazards model to analyze states'…

Reports on a $1 billion dollar grant from Bill and Melinda Gates to send 20,000 low-income minority students to college. The Gates Millenium Scholars Program will require students to demonstrate financial need and maintain a 3.0 grade point average in college. A list of the largest private gifts to higher education since 1967 is also provided. (DB)