Effective instructor feedback can be used to increase student learning, provided that students read and apply this feedback, which is not always the case. The current study investigates an approach which may encourage students to read and immediately apply instructor-provided feedback. This is done by giving students the opportunity to submit revised homework assignments, with the incentive of recovering some of the points lost on the initial submission. Students who elected to submit revised assignments had significantly higher final course grades when compared to students failing to submit revisions. They also benefitted in other ways, which are discussed.