The number of individuals with student loan debt who do not earn their degrees is on the rise; nevertheless, there is little research that demonstrates their current circumstances and future aspirations. We address this knowledge gap by comparing the financial distresses and re-enrollment aspirations of student debt-holders who started college but…

Credit momentum policies, or performance-based financial aid policies, have become increasingly popular among policymakers seeking to improve degree completion rates. This paper examines Indiana's 30-credit-hour completion policy on first-time, full-time students who receive the Twenty-First Century Scholars (TFCS) Promise Program. Using…

Little is known about the effects of need-based financial aid disbursed late into college and how students respond when they approach lifetime limits for receiving aid. I exploit changes to federal Pell Grant eligibility rules that reduced the lifetime availability for grant aid from 9 to 6 full-time-equivalent years to examine these questions.…

Merit aid is an increasingly important component of college scholarships, but policymakers are concerned that merit aid is often given to students who would enroll anyway. As a baseline we use a regression discontinuity (RD) framework to test an institution-level merit aid program at a public research university and find that the merit aid program…

In the United States, college students must complete the Free Application for Student Federal Aid (FAFSA) to access federal aid. However, many eligible students do not apply and consequently forgo significant amounts of financial aid. If students have perfect information about aid eligibility, we would expect that all eligible students complete…

To address conceptual and methodological shortcomings in the extant literature on student mobility, this study employs event history modeling to describe and explain how state policy levers, specifically state grant aid, relates to mobility and baccalaureate degree completion. We find that state grant aid reduces mobility, but less so than…

Graduation rates (GRs) remain one of the most frequently applied measures of institutional performance. This paper analyzes the relationship between university characteristics and GRs in Spain, using a dataset for the entire public university system over the period 1998-2008. Since we observe the same university over several years, we address the…

While the literature on postsecondary student success identifies important academic and social factors associated with student outcomes, one question that persists concerns the influence of financial aid. We use the National Student Clearinghouse's StudentTracker service to develop a more complete model of student success that accommodates…

In this study, a theoretical model is tested to examine factors shaping the decision to pursue STEM fields of study among students entering community colleges and four-year institutions, based on a nationally representative sample of high school graduates from 2004. Applying the social cognitive career theory and multi-group structural equation…

This study explores the relationship between state financial aid policies and postsecondary enrollment for high school graduates (or equivalent diploma holders). Utilizing an event history modeling for a nationally representative sample from the National Education Longitudinal Study (NELS:88/2000) in addition to state-level policy variables, this…

To what extent does state policy for student financial aid affect the distribution of institutional aid awarded to students at public institutions? Using data from the National Postsecondary Student Aid Survey we employ a Tobit model to investigate the relationship between student characteristics, including family income and academic…

Existing applications of event history modeling in attrition research typically focused on the first departure. This study extends the scope of existing applications by dividing each student's enrollment history into periods of enrollment and non-enrollment (spells). The findings indicate that departure is strongly associated with poor college…

Data from the National Longitudinal Study of the High School Class of 1972 indicate that transfer students come from lower SES families, and had lower academic ability, high school achievement, and educational aspiration than students enrolling in four-year institutions directly from high school. Implications are discussed. (Author/LBH)

The existence of sex discrimination in financial aid awards in 40 midwestern colleges and universities was examined. The results indicated no significant differences for either sex or type of institution comparison, although there was extensive variability in the amounts awarded. (Author/LBH)

Path analysis was used to explore the relationships among a number of variables related to student persistence. The subjects were freshmen in the College of Liberal Arts, University of Minnesota. Variables that showed the largest total effects on persistence were college grade-point average and high school rank. (Author/MLW)