| Author(s): | Long, B |
| Title: | How do financial aid policies affect colleges? The institutional impact of the Georgia HOPE scholarship |
| Source: | http://gseacademic.harvard.edu/~longbr/BLong_-_... |
| Date: | 2003 |
| Organization: | |
| Short Description: | This paper examines the effects of financial aid policies on the behavior of
postsecondary institutions. Using the introduction of the Georgia HOPE
Scholarship as a natural experiment, it investigates the impact of the policy on
college pricing, institution aid, expenditures, and state appropriations. |
| Annotation: | This paper examines the effects of financial aid policies on the behavior of
postsecondary institutions. Using the introduction of the Georgia HOPE
Scholarship as a natural experiment, it investigates the impact of the policy on
college pricing, institution aid, expenditures, and state appropriations. The results
suggest that four-year colleges in Georgia, particularly private institutions, did
respond by increasing student charges. In the most extreme case, colleges
recouped approximately 30 percent of the scholarship award. As a result, the
institutional responses reduced the intended benefit of the scholarship and
increased the cost of college for non-recipients. |
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