The Tuition Opportunity Program for Students (subsequently renamed the Taylor Opportunity Program for Students, also known as TOPS), Louisiana's merit-based student aid program, was created via Act 1375 of the 1997 Regular Legislative Session. The first freshman class to receive TOPS awards entered postsecondary education in the fall of 1998. Act…

The COVID-19 pandemic has created and will continue to create uncertainty in all facets of everyday life, exacerbating current challenges -- and generating new ones -- for every sector of the economy, including postsecondary education. As the pandemic continues, postsecondary education faces increasing pressures as concerns about health and…

This study tested the Bennett hypothesis by examining whether four-year colleges changed listed tuition and fees, the amount of institutional grants per student, and room and board charges after their states implemented statewide merit-based aid programs. According to the Bennett hypothesis, increases in government financial aid make it easier for…

This study examines the impact of merit-aid programs on secondary course taking patterns. Specifically, this study uses difference-in-differences to analyze state-level Advanced Placement (AP) participation and examination data pre and post merit-aid adoption. Results indicate increases in AP participation and number of total examinations after…

The outcomes states gain from investing in postsecondary financial aid programs remain hotly debated, leading to great interest in developing programs that are both cost-effective and productive in helping states meet goals. In the 2012-13 academic year, states collectively provided approximately $11.2 billion in financial aid to students enrolled…

In this study, the authors use college enrollment and migration data to test the brain drain hypothesis. Their results suggest that state merit scholarship programs do indeed stanch the migration of "best and brightest" students to other states. In the aggregate and on average, the implementation of state merit aid programs increases the…

As the nation's newest broad-based merit aid program, the Tennessee Education Lottery Scholarship program's generous eligibility requirements may target the very students who are disproportionately left out of similar programs in other states. This article compares the scholarship eligibility rates of Tennessee students with three other states:…

Louisiana concentrates its postsecondary financial aid funding in merit-based aid programs, as opposed to need-based aid programs. This study illuminates the distribution of Louisiana's merit-based financial aid program, Louisiana's Tuition Opportunity Program for Students (TOPS), to students from difference socioeconomic backgrounds by describing…

Louisiana's program of state merit scholarships, inspired by Georgia's HOPE Scholarship program, is over budget in its first year because lawmakers pushed to expand eligibility and data for estimating costs was inadequate. Critics find such programs often provide aid to families with little financial need. The program pays full tuition at state…

This report examines how seven merit scholarship programs in six southern states help increase participation in postsecondary education. The programs are: Florida Bright Futures; Georgia HOPE Scholarships; Kentucky Educational Excellence Scholarships; Louisiana Tuition Opportunity Program for Students; Maryland Science and Technology Scholarship…