How do Financial Aid Policies Affect Colleges?: The Institutional Impact of the Georgia HOPE Scholarship
This paper examines the effects of financial aid policies on the behavior of post-secondary institutions. Using the introduction of the Georgia HOPE Scholarship as a natural experiment, it investigates the impact of the policy on college pricing, institution aid, expenditures, and state appropriations. The results suggest that four-year colleges in Georgia, particularly private institutions, did respond by increasing student charges. In the most extreme case, colleges recouped approximately 30 percent of the scholarship award. As a result, the institutional responses reduced the intended benefit of the scholarship and increased the cost of college for nonrecipients.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Charles T. Clotfelter, 1996. "Buying the Best: Cost Escalation in Elite Higher Education," NBER Books, National Bureau of Economic Research, Inc, number clot96-1, May.
- Bruce D. Meyer, 1994.
"Natural and Quasi- Experiments in Economics,"
NBER Technical Working Papers
0170, National Bureau of Economic Research, Inc.
- Susan Dynarski, 2000.
"Hope for Whom? Financial Aid for the Middle Class and Its Impact on College Attendance,"
NBER Working Papers
7756, National Bureau of Economic Research, Inc.
- Dynarski, Susan, 2000. "Hope for Whom? Financial Aid for the Middle Class and Its Impact on College Attendance," National Tax Journal, National Tax Association, vol. 53(n. 3), pages 629-62, September.
When requesting a correction, please mention this item's handle: RePEc:uwp:jhriss:v:39:y:2004:i:4:p1045-1066. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()
If references are entirely missing, you can add them using this form.