Objective/Research Question: States have increasingly used merit-based criteria to distribute scholarships and grants, and the dominant conversation on merit-aid programs centers on students attending 4-year colleges and universities. This study examines the characteristics of state-funded merit-aid programs for community college students and…

Low-income students' preferences for higher education might depend on the uncertainty of financial aid. Using a time discontinuity design, this paper exploits the unanticipated cancellation of a nationwide Colombian merit and need-based scholarship, called "Ser Pilo Paga," to study its consequences on students' preferences for higher…

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…

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…

This dissertation studies the market for higher education and impacts of higher education policy on the market. In the first chapter, I estimate the short-run elasticity of supply of higher education using the rollout of state merit grant programs as plausibly exogenous variation in student demand for in-state higher education. I find that public…

While the popularity of state-financed merit-based scholarships has increased since the 1980s, policymakers struggle to maintain these programs because of growing costs. Some have tried to manage this tradeoff through eligibility changes or award amounts; however, little empirical research exists on the effectiveness of these changes. We add to…

Institutional merit-based financial aid awards are widely utilized by enrollment management practitioners to attract and retain students desired by the institution and to increase net tuition revenue. While much research has been conducted on federal need-based aid and statewide merit aid, relatively few studies have been conducted on merit aid…

Merit aid is an increasingly important component of college scholarships, but policymakers are concerned that merit aid is often given to students who would enroll anyway. As a baseline we use a regression discontinuity (RD) framework to test an institution-level merit aid program at a public research university and find that the merit aid program…

Each year, NASSGAP completes a survey regarding state-funded expenditures for postsecondary student financial aid. This report provides data regarding state-funded expenditures for student financial aid and illustrates the extent of efforts made by the states to assist postsecondary students. Information in this report is based on academic year…

We provide evidence about college financial aid from an eight-year randomized trial where high school ninth graders received a $12,000 merit-based grant offer. The program was designed to be free of tuition/fees at community colleges and substantially lower the cost of four-year colleges. During high school, it increased students' college…

Each year, the National Association of State Student Grant and Aid Programs (NASSGAP) completes a survey regarding state-funded expenditures for postsecondary student financial aid. This report provides data regarding state-funded expenditures for student financial aid and illustrates the extent of efforts made by the states to assist…

The purpose of this study was to report on the effects of a comprehensive set of postsecondary grant aid programs on outcomes from initial college enrollment to post-college employment, based on a systematic review of the literature from January 2002 to January 2020. Studies that used randomized-controlled trials, regression discontinuity designs,…

Each year, National Association of State Student Grant and Aid Programs (NASSGAP) completes a survey regarding state-funded expenditures for postsecondary student financial aid. This report provides data regarding state-funded expenditures for student financial aid and illustrates the extent of efforts made by the states to assist postsecondary…

There is widespread concern in the policy community that colleges and universities are increasingly shifting their financial aid budgets to favor students from high-income families. Observers often argue that institutions of higher education are offering more merit aid to the most affluent students, leaving less aid for their low-income peers. To…

This study employs difference-in-differences estimation to explore the relationship between the implementation of state merit-aid programs and students' participation in study abroad. The relationship between implementation of these financial aid programs and study abroad participation has not been tested explicitly in prior policy or education…