Crafting A Class: The Trade Off Between Merit Scholarships and Enrolling Lower-Income Students
Our paper uses institutional-level panel data to testwhether an increase in the number of institutionally funded National Merit Scholarship (NMS) winners at an institution isassociated with a reduction in the number of Pell Grant recipients at the institution. We find that, other factors held constant, an increase in the share of institutionally funded NMS winners in an institution's first-year class is associated with a reduction in the share of Pell Grant recipients among the institution's undergraduate student body and that the magnitude of this relationship is larges at the institutions that enroll the greatest number of NMS students.
|Date of creation:||Jun 2005|
|Date of revision:|
|Publication status:||published as Ehrenberg, Ronald G., Liang Zhang, and Jared M. Levin. "Crafting a Class: The Trade-Off between Merit Scholarships and Enrolling Lower-Income Students." The Review of Higher Education 29, 2 (Winter 2006): 195-211.|
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- Christopher Avery & Caroline Minter Hoxby, 2004.
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National Bureau of Economic Research, Inc.
- Christopher Avery & Caroline M. Hoxby, 2003. "Do and Should Financial Aid Packages Affect Students' College Choices?," NBER Working Papers 9482, National Bureau of Economic Research, Inc.
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