The Effects of Grant Aid on Student Persistence and Degree Attainment: A Systematic Review and Meta-Analysis of the Causal Evidence

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dc.contributor.authorNguyen, Tuan D.en
dc.contributor.authorKramer, Jenna W.en
dc.contributor.authorEvans, Brent J.en
dc.date.accessed2019-06-20en
dc.date.accessioned2019-08-02T19:30:47Zen
dc.date.available2019-08-02T19:30:47Zen
dc.date.issued2018-03-01en
dc.description.abstractIt is well established that financial aid, in the form of grants, increases the probability of enrollment in postsecondary education. A slate of studies in recent years has extended this research to examine whether grant aid also has an impact on persistence and degree attainment. This paper presents a systematic review and meta-analysis of the causal evidence of the effect of grant aid on postsecondary persistence and degree attainment. A meta-analysis of 42 studies yielding 73 effect sizes estimates that grant aid increases the probability of student persistence and degree completion between two and three percentage points, and estimates that an additional $1,000 of grant aid improves year-to-year persistence by 1.2 percentage points. Suggestions for future research and implications for policy are discussed.en
dc.description.sponsorshipCenter for Education Policy Analysis (CEPA)en
dc.format.mimetypeapplication/pdfen
dc.identifier.sourceurlhttps://cepa.stanford.edu/sites/default/files/wp18-04-v201803.pdfen
dc.identifier.urihttp://hdl.handle.net/10919/92632en
dc.language.isoenen
dc.publisherCenter for Education Policy Analysis (CEPA)en
dc.relation.ispartofseriesCEPA Working Paper; 18-04en
dc.rightsCreative Commons Attribution-NonCommercial-NoDerivatives 4.0 Internationalen
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/en
dc.subjectstudent financial aiden
dc.subjectaccess to higher educationen
dc.subjectcollege completionen
dc.subjecteducational attainmenten
dc.titleThe Effects of Grant Aid on Student Persistence and Degree Attainment: A Systematic Review and Meta-Analysis of the Causal Evidenceen
dc.typeWorking paperen
dc.type.dcmitypeTexten

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Higher Education Policy for Minorities in the United States