000			01338nam a22001457a 4500
999			_c516221 _d516221
008			210219b ||||| |||| 00| 0 eng d
100			_aVelez, Juliana Londono et al _924256
245			_aUpstream and downstream impacts of college 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			_aHIGHER EDUCATION
942			_cAR