Summary: In spite of a large literature on the causal effects of financial aid, the impact of funding on college outcomes remains an area of ongoing research with important unanswered questions. Studying the impact of financial aid presents the ongoing challenge of how to identify causal effects, as aid receipt is rarely random and at least partly…

This report shares the perspectives and aspirations of 17 low-income and working-class students based on interviews the Institute for Higher Education Policy (IHEP) conducted over two semesters of their college journeys. The report identifies opportunities for policymakers and institutional leaders to support all students through completion,…

Many states are experimenting with mechanisms for making college more affordable while maintaining quality and access. This report examines promising or innovative state programs to improve college affordability and credential attainment. Many of these approaches show innovative thinking and bear watching to see if they result in meaningful…

The question of how the government can best support access to postsecondary education has become a critical issue for education policymakers around the globe, as the practice of cost sharing for funding postsecondary education has been more widely adopted. In this context, this study explores the approaches to implementing current need-based…

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 study used the "workable persistence model" to assess the effects of financial aid on persistence of full-time resident undergraduates within the Indiana State postsecondary system. The analysis provides support for state-provided, need-based financial aid programs, and finds that student financial aid is adequate to equalize…

A study was done of the Lilly Endowment Educational Awards (LEEAs), one type of gift-aid for fulltime undergraduate Indiana residents. In particular the study addressed: (1) who receives LEEAs; (2) how Pell, State of Indiana, and LEEA formulas interact; (3) what happens when LEEAs are combined with all of the other types of gift-aid for a total…