We empirically examine whether there is discernable variation in the matriculation patterns of low-income students at public flagship institutions in the United States around changes in institutional financial-aid policies that target resident, low-income students with need-based aid. While...

We empirically examine whether there is discernable variation in the matriculation patterns of low-income students at public flagship institutions in the United States around changes in institutional financial-aid policies that target resident, low-income students with need-based aid. While...

Prior empirical evidence finds that general enrollment effects of merit-aid programs such as the Georgia Hope Scholarship are large and significant, while the effects of need-based aid programs such as the Pell Grant are modest and often insignificant. This paper uses new panel data on Pell...