Using Multiple Discontinuities to Estimate Broad Effects of Public Need-Based Aid for College
This study measures how the price of college affects college attainment for low-income students.
Federal and state governments spent $39 billion on grants to low-income college students in school year 2014--15, but evidence is mixed regarding the effects of government aid programs on college attainment.
No study has isolated effects of public need-based aid for students with the lowest incomes and greatest financial need.
The Wisconsin Grant, a state-funded program, offers financial aid to students based on a measure of family income.
This research seeks to identify the impacts of financial aid, with attention to application dates.