Paper #1393

Título:

Improving college access and success for low-income students: Evidence from a large need-based grant program

Autores:

Gabrielle Fack y Julien Grenet

Data:

Septiembre 2013

Resumen:

Using comprehensive administrative data on France's single largest financial aid program, this paper provides new evidence on the impact of large-scale need-based grant programs on the college enrollment decisions, persistence and graduation rates of low-income students. We exploit sharp discontinuities in the grant eligibility formula to identify the impact of aid on student outcomes at different levels of study. We find that eligibility for an annual cash allowance of 1,500 euros increases college enrollment rates by up to 5 percentage points. Moreover, we show that need-based grants have positive effects on student persistence and degree completion.

Palabras clave:

Need-based grants; college enrollment; student persistence; degree completion

Códigos JEL:

H52, I22, I28, J24, J38

Área de investigación:

Economía Laboral, Pública, de Desarrollo y de la Salud

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