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The impact of the Gates Millennium Scholars Program on college and post-college related choices of high ability, low-income minority students

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  • DesJardins, Stephen L.
  • McCall, Brian P.

Abstract

In this paper we analyze the impact of the Gates Millennium Scholarship Program on several outcome variables using a regression discontinuity design. We find that GMS recipients have lower college loan debt and parental contributions toward college expenses and work fewer hours during college than non-recipients. We also find that GMS recipients have higher grade point averages in their junior year of college and are more likely to aspire to a Ph.D. degree than non-recipients.

Suggested Citation

  • DesJardins, Stephen L. & McCall, Brian P., 2014. "The impact of the Gates Millennium Scholars Program on college and post-college related choices of high ability, low-income minority students," Economics of Education Review, Elsevier, vol. 38(C), pages 124-138.
    • Handle: RePEc:eee:ecoedu:v:38:y:2014:i:c:p:124-138
    DOI: 10.1016/j.econedurev.2013.11.004
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    Cited by:

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    2. Angela Boatman & Bridget Terry Long, 2016. "Does Financial Aid Impact College Student Engagement?," Research in Higher Education, Springer;Association for Institutional Research, vol. 57(6), pages 653-681, September.
    3. Francesca Lotti & Francesco Manaresi, 2015. "Finance and creative destruction: evidence for Italy," Questioni di Economia e Finanza (Occasional Papers) 299, Bank of Italy, Economic Research and International Relations Area.
    4. Brent J. Evans, 2017. "SMART Money: Do Financial Incentives Encourage College Students to Study Science?," Education Finance and Policy, MIT Press, vol. 12(3), pages 342-368, Summer.

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    More about this item

    Keywords

    Regression discontinuity design; College graduation; Debt accumulation;
    All these keywords.

    JEL classification:

    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid

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