College Scholarships as a Tool for Community Development? Evidence from the Kalamazoo Promise

Ashley Miller

No 1812, Working Papers from College of the Holy Cross, Department of Economics

Abstract: On November 10, 2005, the Kalamazoo Public School District announced that a group of anonymous donors had funded a new college scholarship program for district graduates named the Kalamazoo Promise. The primary qualification for scholarship eligibility is continuous residency and enrollment in the Kalamazoo Public School District, and the scholarship is set up in perpetuity. This study assesses the extent to which the Kalamazoo Promise is serving as an economic development tool. Results indicate that the Kalamazoo Promise dramatically increased enrollment in the Kalamazoo Public School District, but there is no evidence that the Kalamazoo Promise increased home values in the district.

Keywords: promise scholarships; financial aid; economic development tools; place-based policies (search for similar items in EconPapers)
JEL-codes: I25 I28 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2018-12
New Economics Papers: this item is included in nep-ure
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Citations: View citations in EconPapers (4)

Published in Economic Development Quarterly, Volume 32, Number 1, February 2018, Pages 3-17.

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Persistent link: https://EconPapers.repec.org/RePEc:hcx:wpaper:1812

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