000			01364nam a22001457a 4500
999			_c514650 _d514650
008			201125b ||||| |||| 00| 0 eng d
100			_aVelez, J.L. Rodriguez, C. and Sanchez, F. _921450
245			_aUpstream and downstream impacts of collage merit-based financial aid for low-income students: Ser pilo paga in Colombia
260			_aAmerican Economic Journal: Economic Policy
300			_a12(2), May, 2020: p.193-227
520			_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
773			_aAmerican Economic Journal: Economic Policy
906			_aEDUCATION - UNITED STATES
942			_cAR