01364nam a22001457a 4500 514650 514650 201125b ||||| |||| 00| 0 eng d Velez, J.L. Rodriguez, C. and Sanchez, F. 21450 Upstream and downstream impacts of collage merit-based financial aid for low-income students: Ser pilo paga in Colombia American Economic Journal: Economic Policy 12(2), May, 2020: p.193-227 How 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 American Economic Journal: Economic Policy EDUCATION - UNITED STATES AR 0 0 ddc 0 0 388653 IIPA IIPA 2020-11-25 12(2), May, 2020: p.193-227 AR124132 2020-11-25 AR