01263nam a22001097a 4500008004100000100004700041245012600088260004700214300003200261520081300293773004701106201125b           ||||| |||| 00| 0 eng d  aVelez, J.L. Rodriguez, C. and Sanchez, F.   aUpstream and downstream impacts of collage merit-based financial aid for low-income students: Ser pilo paga in Colombia    aAmerican Economic Journal: Economic Policy  a12(2), May, 2020: p.193-227  aHow does financial aid affect postsecondary enrollment, college choice, and student composition? We present new evidence based on a large-scale program available to high-achieving, low-income students for attending high-quality colleges in Colombia. RD estimates show financial aid eligibility raised immediate enrollment by 56.5 to 86.5 percent, depending on the complier population. This rise, driven by matriculation at private, high-quality colleges, closed the SES enrollment gap among high achievers. Moreover, a DID approach suggests enrollment of aid-ineligible students also improved because college supply expanded in response to heightened demand. With ability stratification largely replacing SES stratification, diversity increased 46 percent at private, high-quality colleges. – Reproduced 

  aAmerican Economic Journal: Economic Policy