The Enrollment Effects of Merit-Based Financial Aid: Evidence from Georgia's HOPE Program

Christopher Cornwell (), David B. Mustard () and Deepa J. Sridhar
Additional contact information
Deepa J. Sridhar: Ashenfelter and Ashmore

Journal of Labor Economics, 2006, vol. 24, issue 4, pages 761-786

Abstract: Introduced in 1993, Georgia's HOPE Program sponsors a merit-based scholarship for students attending in-state colleges and a grant for those entering technical schools. There are no income restrictions. Comparing Georgia with other southeastern states over the 1988–97 period, HOPE increased freshmen enrollment by 5.9%, or 2,889 students per year, which amounts to only 15% of freshmen scholarship recipients. Four-year colleges account for most of the gain; a reduction in students leaving the state explains two-thirds of the 4-year-school effect attributable to freshmen who have recently graduated from high school. White and black enrollments increased because of HOPE.

Date: 2006
View citations in EconPapers

Downloads: (external link)
http://www.journals.uchicago.edu/cgi-bin/resolve?JOLE240402 main text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:ucp:jlabec:v:24:y:2006:i:4:p:761-786

Ordering information: This journal article can be ordered from
http://www.journals.uchicago.edu/JOLE/order1.html

Access Statistics for this article

Journal of Labor Economics is edited by Derek A. Neal

More articles in Journal of Labor Economics from University of Chicago Press
Address: The University of Chicago Press, Journals Division, P.O. Box 37005 Chicago, IL 60637
Series data maintained by Christopher F. Baum ().