The Effects of Financial Aid Loss on Persistence and Graduation: A Multidimensional Regression Discontinuity Approach

Autor/inn/en	Jones, Todd R.; Kreisman, Daniel; Rubenstein, Ross; Searcy, Cynthia; Bhatt, Rachana
Titel	The Effects of Financial Aid Loss on Persistence and Graduation: A Multidimensional Regression Discontinuity Approach
Quelle	In: Education Finance and Policy, 17 (2022) 2, S.206-231 (26 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	1557-3060
Schlagwörter	Academic Persistence; Scholarships; Tuition; College Entrance Examinations; High Achievement; Budgets; Retrenchment; Student Financial Aid; High School Students; Grade Point Average; Comparative Analysis; Advantaged; Graduation Rate; College Attendance; Scores; Cutting Scores; Student Characteristics; Georgia; ACT Assessment; SAT (College Admission Test) + Suchen Sie Ihr Suchwort? Scholarship; Stipendium; Unterweisung; Unterricht; Aufnahmeprüfung; Finanzhaushalt; Finanzielle Beihilfe; Studienfinanzierung; Studienförderung; High school; High schools; Student; Students; Oberschule; Schüler; Schülerin; Studentin; College; Colleges; Attendance; Hochschule; Fachhochschule; Anwesenheit; Assessment; Eignungsprüfung; Eignungstest; Hochschulzulassung
Abstract	For years Georgia's HOPE Scholarship program provided full tuition scholarships to high-achieving students. State budgetary shortfalls reduced its generosity in 2011. Under the new rules, only students meeting more rigorous merit-based criteria would retain the original scholarship covering full tuition, now called the Zell Miller Scholarship, with other students seeing aid reductions of approximately 15 percent. We exploit the fact that two of the criteria were high school grade point average and SAT/ACT score, which students could not manipulate when the change took place. We compare already-enrolled students just above and below these cutoffs, making use of advances in multi-dimensional regression discontinuity, to estimate effects of partial aid loss. We show that, after the changes, aid flowed disproportionately to wealthier students and find no evidence that the financial aid reduction affected persistence or graduation for these students. The results suggest that high-achieving students, particularly those already in college, may be less price-sensitive than their peers. (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2024/1/01