Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/232861 
Year of Publication: 
2021
Series/Report no.: 
IZA Discussion Papers No. 14109
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
We consider whether the US should extend Pell grant eligibility to short-term certificate programs (i.e., below the current floor of 600 hours). We provide new descriptive evidence on who enrolls in certificate programs, who completes them, how students finance them, who defaults on loans, and on their labor market value. We find that certificate holders earn about 10 percent more than high school graduates and 20 percent more than those with GEDs. The variance in their labor market value across fields is very high. But we find no evidence that certificates above and below the current cutoff generate differing labor market value. Thus, reducing the floor for program eligibility would improve the opportunity of low-income workers to receive effective job training.
Subjects: 
short-term training
certificates
pell grants
community college
JEL: 
J24
Document Type: 
Working Paper

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