Targeting Social Assistance: The Evolution of College Financial Aid in Colombia
Juliana Londoño- Vélez,
Catherine Rodríguez,
Fabio Sánchez and
Luis Esteban Álvarez- Arango
AEA Papers and Proceedings, 2025, vol. 115, 340-44
Abstract:
College financial aid programs often target individuals based on a combination of academic merit and socioeconomic status. The design of these programs can also be influenced by social preferences and political factors. This paper analyzes the evolution of Colombia's flagship program, Ser Pilo Paga, later renamed Generacion E-Excelencia. It examines how the national government initially designed the program based on social objectives and budget constraints and subsequently modified it in response to student behavior, political pressures, and shifting priorities. Finally, the paper briefly discusses how these design changes might affect the program's impact on equity and efficiency.
JEL-codes: D72 H23 H52 I22 I23 I28 O15 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:aea:apandp:v:115:y:2025:p:340-44
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DOI: 10.1257/pandp.20251062
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