Event Title

Do State Financial Aid Programs Affect Graduation Rates?

Major

Economics

Faculty Mentor

John R. Swinton

Abstract

Tuition of colleges in the US has risen from year to year. The amount of financial aid has also risen while the graduation rates have fallen. This research examines if specifically merit-based scholarships that are state funded affect graduation rates of each state individually. It also examines if state unemployment rates and the raw GDP of the state have an effect on the graduation rates of each individual state. The research suggests that there is a relationship between merit-based scholarships that are state funded and graduation rates. It also suggests that the raw GDP of the state is statistically significant in affecting graduation rates.

Session Name:

The Economics of Education

Start Date

10-4-2015 10:15 AM

End Date

10-4-2015 11:15 AM

Location

HSB 300

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Apr 10th, 10:15 AM Apr 10th, 11:15 AM

Do State Financial Aid Programs Affect Graduation Rates?

HSB 300

Tuition of colleges in the US has risen from year to year. The amount of financial aid has also risen while the graduation rates have fallen. This research examines if specifically merit-based scholarships that are state funded affect graduation rates of each state individually. It also examines if state unemployment rates and the raw GDP of the state have an effect on the graduation rates of each individual state. The research suggests that there is a relationship between merit-based scholarships that are state funded and graduation rates. It also suggests that the raw GDP of the state is statistically significant in affecting graduation rates.