Hope for the Pell? The Impact of Merit-Aid on Needy Students
Abstract
Prior empirical evidence finds that merit-aid programs such as the Georgia Hope Scholarship yield large and significant enrollment effects, whereas need-based aid programs such as the Pell Grant yield modest and often insignificant enrollment effects. This paper uses unpublished panel data on the number and level of Pell awards at Southern universities along with detailed institutional data from the National Center of Educational Statistics to examine whether the Georgia Hope Scholarship improved the college access of needy students relative to other Southern states. Fixed-effect analyses show that large increases in merit aid improve college access of needy students and leverage Hope Scholarship funds with greater federal Pell assistance. Whereas most institution-specific increases in both Pell enrollment and funding are found for two-year and less selective, four-year institutions, the results also suggest that Pell students are not crowded out of more selective schools by HopeÂ’s intent to retain the best Georgia high-school students.Download Info
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Paper provided by University of Oregon Economics Department in its series University of Oregon Economics Department Working Papers with number 2004-5.Length: 38
Date of creation: 01 Feb 2004
Date of revision:
Handle: RePEc:ore:uoecwp:2004-5
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Related research
Keywords: Pell; Hope Scholarship; College Access; Financial Aid;Find related papers by JEL classification:
- I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
- I28 - Health, Education, and Welfare - - Education - - - Government Policy
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-02-23 (All new papers)
- NEP-EDU-2004-02-23 (Education)
References
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Monks, James, 2009. "The impact of merit-based financial aid on college enrollment: A field experiment," Economics of Education Review, Elsevier, vol. 28(1), pages 99-106, February.
- Kornrum-Byrne, Desiree, 2006. "Relationship Between Financial Aid Policies, Practices and Procedures at Texas Public Colleges and Universities," MPRA Paper 7651, University Library of Munich, Germany.
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