Need-Based Aid and College Persistence
Need-Based Aid and College Persistence
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基于需求的援助和大学坚持
DOI：
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发表时间：
2015
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影响因子：
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通讯作者：
E. Bettinger
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文献类型：
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作者：
E. Bettinger
本文利用一个自然实验来估计基于需求的援助政策对大学一年级坚持率的影响。2006年秋天，俄亥俄州突然采取了一项新的州财政援助政策，比以前的计划慷慨得多。使用学生水平的数据和非常狭义的学生群体，我估计了一个差异中的差异模型，以确定项目的效果。受益于该项目的学生获得的奖励比他们在之前的项目中获得的奖励高出约800美元。由于这个项目，这些学生的退学率下降了2%。新项目还增加了学生上四年制大学的可能性，提高了他们第一年的平均成绩。考虑到该项目的慷慨，以及它无法针对那些对经济援助最敏感的边缘学生，该项目可能并不具有成本效益。
This article exploits a natural experiment to estimate the effects of need-based aid policies on first-year college persistence rates. In fall 2006, Ohio abruptly adopted a new state financial aid policy that was significantly more generous than the previous plan. Using student-level data and very narrowly defined sets of students, I estimate a difference-in-differences model to identify the program effects. Students who benefited from the program received awards about US$800 higher than they would have received under the prior program. These students’ drop-out rates fell by 2% as a result of the program. The new program also increased the likelihood that students attend 4-year campuses and increased their first-year grade point averages. The program may not have been cost-effective given the combination of its generosity and inability to target the marginal students who would be most sensitive to financial aid.