Long-term effects of grants and loans for vocational education q

• 成果类型: Article
• 署名作者: Aguirre, Josefa
• 署名单位: Pontificia Universidad Catolica de Chile; Pontificia Universidad Catolica de Chile
• 刊物名称: JOURNAL OF PUBLIC ECONOMICS
• ISSN/ISSBN: 0047-2727
• DOI: 10.1016/j.jpubeco.2021.104539
• 发表日期: 2021
• 关键词: Higher education; Financial aid; grants; loans; Vocational education; chile

摘要

In this paper I study the long-term effect of giving low-income, low-performing students access to state grants and loans for vocational schools. I combine 12 years of administrative records on higher education enrollment and graduation in Chile and exploit the fact that access to state grants for 2-year vocational programs and state loans for 2-year and 4-year vocational programs are both a discontinuous function of a student's GPA. Both grants and loans increase a student's probability of ever enrolling in higher educa-tion, as well as the number of years that students spend enrolled. Although imprecise, results show a pos-itive effect on graduation. Findings indicate that financial aid can increase degree completion, even when targeted to low-performing students attending vocational education. (c) 2021 Elsevier B.V. All rights reserved.