Born under a Lucky Star: Financial Aid, College Completion, Labor Supply, and Credit Constraints

Jeffrey Denning

Journal of Human Resources, 2019, vol. 54, issue 3, 760-784

Abstract: Financial aid can affect both college enrollment and graduation. The effects on graduation can be driven by students being induced to enroll by financial aid, students who would have enrolled anyway graduating as a result of the financial aid, or both. This study isolates the effect of financial aid on the second group by examining a change in aid that did not change enrollment. I study a discontinuous change in the amount of aid available to students who meet the age cutoff for financial independence. I find that additional aid causes some university seniors to graduate one year earlier.

JEL-codes: I22 I28 (search for similar items in EconPapers)
Date: 2019
Note: DOI: 10.3368/jhr.54.3.1116.8359R1
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Citations: View citations in EconPapers (19)

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Related works:
Working Paper: Born Under a Lucky Star: Financial Aid, College Completion, Labor Supply, and Credit Constraints (2017)
Working Paper: Born Under a Lucky Star: Financial Aid, College Completion, Labor Supply, and Credit Constraints (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:uwp:jhriss:v:54:y:2019:i:3:p:760-784

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