We investigate the effects of financial aid on student employment and academic outcomes in high school. We exploit administrative differences in the amount of financial aid received based on timing of birth to identify the causal effects of interest. Specifically, individuals born early in a...

There is little consensus on how financial aid affects drop-out from or completion of higher education, yet huge amounts are spent on financial aid for higher education. This study adds to the literature by employing variation from a large-scale reform of the Danish grant system to identify the...

Eighteen states offer merit scholarships that require students to maintain a minimum grade point average (GPA) to receive the funding. These GPA requirements have heightened concern over grade inflation. This paper measures how one merit-based scholarship affects grades and separates that effect...

This paper examines how financial aid reform based on postsecondary institutional performance impacts student choice. Federal and state regulations often reflect concerns about the private, for-profit sector's poor employment outcomes and high loan defaults, despite the sector's possible...