Need-Based Financial Aid and College Persistence: Experimental Evidence from Wisconsin

This afternoon, the Institute for Research on Poverty at the University of Wisconsin-Madison released our new paper on the effects of the Wisconsin Scholars Grant on Pell Grant recipients attending public universities in the state of Wisconsin. In short, we find that randomly assigning some students additional financial aid yields modest positive effects on college retention rates, but getting to that result has been extremely complicated.

Read the paper here and let me know what you think!  We have submitted this paper to a journal and hope to get good news in the next couple months.

Author: Robert

I am an a professor at the University of Tennessee, Knoxville who studies higher education finance, accountability policies and practices, and student financial aid. All opinions expressed here are my own.

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