Increasing need-based aid helped low-income Florida students stay in school, enroll in a public university and earn a bachelor’s degree in six years, concludes a National Bureau of Economic Research study by Benjamin Castleman and Bridget Terry Long.
Looking Beyond Enrollment: College Access, Persistence, and Graduation investigated the Florida Student Access Grant, which supplements the federal Pell Grant, reports Inside Higher Ed.
. . . researchers compared students who were eligible for the $1,300 FSAG grant with students whose expected family contribution amounts were just above the cutoff, but were still eligible for Pell Grants. So presumably the students who received an FSAG grant came from similar low-income backgrounds as the ones who did not.
. . . “Our paper isn’t looking at aid vs. no aid,” said Castleman, an acting assistant professor of education at the University of Virginia. “We’re looking at how a greater amount of aid affects students. In the context of need-based aid, increasing the aid which students were eligible for had a range of positive outcomes.”
The additional $1,300 in grant aid eligibility increased the probability of immediate enrollment at a public, four-year university by 12 percent. Those students were also likelier — by 4.3 percentage points — to stay continuously enrolled through the spring semester of their freshman year.
The FSAG grant had the biggest impact on students who graduated in the top 25 percent of their high school class. “I think our work suggests that there is a population of kids who are from economically disadvantaged backgrounds but have worked hard in high school to make college a reality,” Castleman said. “Giving additional aid has a profound impact in helping these students not only get to college, but to also earn a degree down the road.”