| Author(s): | Cornwell, C., Lee, K., and Mustard, D |
| Title: | The effects of merit-based financial aid on course enrollment, withdrawal, and completion in college |
| Source: | ftp://repec.iza.org/RePEc/Discussionpaper/dp820... |
| Date: | 2003 |
| Organization: | |
| Short Description: | Using data extracted from the longitudinal
records of all undergraduates who enrolled at the University of Georgia between 1989
and 1997, this paper estimates the effects of HOPE on course enrollment, withdrawal and
completion, and the diversion of course taking from the academic year to the summer. |
| Annotation: | Since Georgia unveiled its HOPE Scholarship in 1993, at least 15 other states have
implemented or proposed merit-aid programs based on the HOPE model. A common
justification for these actions is to promote and reward academic achievement, thereby
inducing greater investments in human capital. However, grade-based eligibility and retention
rules encourage other behavioral responses. Using data extracted from the longitudinal
records of all undergraduates who enrolled at the University of Georgia between 1989
and 1997, this paper estimates the effects of HOPE on course enrollment, withdrawal and
completion, and the diversion of course taking from the academic year to the summer,
treating non-residents as a control group. |
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