Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/147359 
Year of Publication: 
2016
Series/Report no.: 
CESifo Working Paper No. 6105
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
Inequalities do not end once students enter higher education. Yet, the majority of papers on the effectiveness of education aid examine its impact on college enrolment. In this paper, we provide evidence on the causal impact of means-tested financial aid on the outcomes of students who have already enrolled in college. To do so, we exploit a unique non-salient financial aid program which varies both across and within institutions, and for which eligibility is a highly non-linear function of parental income. Our findings suggest that increasing aid by £1,000 increases the chances of gaining a good degree by 3.7 percentage points.
Subjects: 
higher education
financial aid
degree completion
JEL: 
I22
I23
I28
Document Type: 
Working Paper
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