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Londoño-Vélez, Juliana; Rodriguez, Catherine; Sanchez, Fabio; Álvarez-Arango, Luis E. – National Bureau of Economic Research, 2023
The paper studies the impact of financial aid on long-term educational attainment and labor market outcomes in Colombia. In 2014, the government launched a large-scale and generous student loan program called "Ser Pilo Paga." It offered full tuition coverage to students admitted to one of 33 government-certified high-quality universities…
Descriptors: Foreign Countries, Student Financial Aid, Social Mobility, Educational Attainment