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Multifaceted aid for low-income students and college outcomes : evidence from North Carolina

Author: Charles T Clotfelter; Steven W Hemelt; Helen F Ladd; National Bureau of Economic Research,
Publisher: Cambridge, Mass. : National Bureau of Economic Research, 2016.
Series: Working paper series (National Bureau of Economic Research), no. 22217.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
Launched in 2004, the Carolina Covenant combines grant-heavy financial aid with an array of non-financial supports for low-income students at an elite public university. We find that the program increased four-year graduation rates by about 8 percentage points for eligible students in the cohorts who experienced the fully developed program. For these cohorts, we also find suggestive effects on persistence to the  Read more...
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Details

Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Charles T Clotfelter; Steven W Hemelt; Helen F Ladd; National Bureau of Economic Research,
OCLC Number: 949726250
Notes: "May 2016"
Description: 1 online resource (34 pages, 14 unnumbered pages) : illustrations.
Series Title: Working paper series (National Bureau of Economic Research), no. 22217.
Responsibility: Charles T. Clotfelter, Steven W. Hemelt, Helen F. Ladd.

Abstract:

Launched in 2004, the Carolina Covenant combines grant-heavy financial aid with an array of non-financial supports for low-income students at an elite public university. We find that the program increased four-year graduation rates by about 8 percentage points for eligible students in the cohorts who experienced the fully developed program. For these cohorts, we also find suggestive effects on persistence to the fourth year of college, cumulative earned credits, and academic performance. We conclude that aid programs targeting low-income, high-ability students are most successful when they couple grant aid with strong non-financial supports.

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