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The Enrollment Effects of Merit-Based Financial Aid: Evidence from Georgia's HOPE Program

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Author Info
Christopher Cornwell (University of Georgia)
David B. Mustard (University of Georgia and IZA)
Deepa J. Sridhar (Ashenfelter and Ashmore)

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Abstract

Introduced in 1993, Georgia's HOPE Program sponsors a merit-based scholarship for students attending in-state colleges and a grant for those entering technical schools. There are no income restrictions. Comparing Georgia with other southeastern states over the 1988–97 period, HOPE increased freshmen enrollment by 5.9%, or 2,889 students per year, which amounts to only 15% of freshmen scholarship recipients. Four-year colleges account for most of the gain; a reduction in students leaving the state explains two-thirds of the 4-year-school effect attributable to freshmen who have recently graduated from high school. White and black enrollments increased because of HOPE.

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File URL: http://www.journals.uchicago.edu/cgi-bin/resolve?JOLE240402
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Publisher Info
Article provided by University of Chicago Press in its journal Journal of Labor Economics.

Volume (Year): 24 (2006)
Issue (Month): 4 (October)
Pages: 761-786
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Handle: RePEc:ucp:jlabec:v:24:y:2006:i:4:p:761-786

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  1. Joshua Goodman, 2007. "Who merits financial aid? Massachusetts? Adams scholarship," Discussion Papers 0607-13, Columbia University, Department of Economics. [Downloadable!]
  2. Joshua Angrist & Daniel Lang & Philip Oreopoulos, 2007. "Incentives and Services for College Achievement: Evidence from a Randomized Trial," IZA Discussion Papers 3134, Institute for the Study of Labor (IZA). [Downloadable!]
  3. Joshua Angrist & Daniel Lang & Philip Oreopoulos, 2006. "Lead Them to Water and Pay Them to Drink: An Experiment with Services and Incentives for College Achievement," NBER Working Papers 12790, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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This page was last updated on 2008-7-25.


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