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• W2913202492 abstract "We examine the long-term impacts of California’s state-based financial aid by tracking educational and labor force outcomes for up to 14 years after high school graduation. We identify program impacts by exploiting variation in eligibility rules using GPA and family income cutoffs that are ex ante unknown to applicants. Aid eligibility increases undergraduate and graduate degree completion, and for some subgroups, raises longer-run annual earnings and the likelihood that young adults reside in California. These findings suggest that the net cost of financial aid programs may frequently be overstated, though our results are too imprecise to provide exact cost-benefit estimates. (JEL H75, I21, I22, I23, I26, I28)" @default.
• W2913202492 created "2019-02-21" @default.
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• W2913202492 date "2019-02-01" @default.
• W2913202492 modified "2023-09-27" @default.
• W2913202492 title "The Long-Run Impacts of Financial Aid: Evidence from California’s Cal Grant" @default.
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• W2913202492 doi "https://doi.org/10.1257/pol.20170466" @default.
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