Journal of Labor Economics Vol. 24 No. 4 2006
The Enrollment Effects of Merit‐Based Financial Aid: Evidence from Georgia’s HOPE Program
Abstract
Introduced in 1993, Georgia’s HOPE Program sponsors a merit‐based scholarship for students attending in‐state colleges and a grant for those entering technical schools. There are no income restrictions. Comparing Georgia with other southeastern states over the 1988–97 period, HOPE increased freshmen enrollment by 5.9%, or 2,889 students per year, which amounts to only 15% of freshmen scholarship recipients. Four‐year colleges account for most of the gain; a reduction in students leaving the state explains two‐thirds of the 4‐year‐school effect attributable to freshmen who have recently graduated from high school. White and black enrollments increased because of HOPE.
- DOI
- 10.1086/506485
- Volume
- 24
- Issue
- 4
- Pages
- 761-786
- Language
- en
- Sources
- openalex crossref