Fighting for Education: Financial Aid and Degree Attainment

• 成果类型: Article
• 署名作者: Barr, Andrew
• 署名单位: Texas A&M University System; Texas A&M University College Station
• 刊物名称: JOURNAL OF LABOR ECONOMICS
• ISSN/ISSBN: 0734-306X
• DOI: 10.1086/700191
• 发表日期: 2019
• 页码: 509-544
• 关键词: college; earnings; POLICY

摘要

The Post-9/11 GI Bill brought about the largest expansion in veteran education benefits since the end of World War II, increasing annual benefit expenditures from $3 billion to more than $13 billion. Leveraging variation over time, geography, and type of veterans, I explore the effect of financial aid on degree attainment. I find that the aid expansion increased degree attainment by 5-6 percentage points (25%), roughly 0.4 percentage points per $1,000 of additional maximum aid. These findings indicate that financial aid can increase degree attainment, even for individuals with high levels of initial support.