While considerable evidence has accumulated on state-funded merit-based scholarships, research on the effects of specific scholarship design choices has been thin, perhaps in part because cross-state comparisons are difficult. As one of the only states to enact major changes in the design of its merit-based scholarship program, Georgia provides a…

The notion of free college is appealing to students and families, particularly those who struggle to manage climbing college prices. The promise of "free" can encourage low-income or first-generation students to enroll in college when the fear of high prices may deter them otherwise. But what does "free" actually mean? Who…

College Promise programs aim to make students believe they can afford college, and to give them the opportunity to go to college and earn degrees without taking on significant debt. At the core of all College Promise programs is a scholarship: All eligible College Promise students receive scholarships that may cover up to 100 percent of tuition…

In the past few years, four states have established programs that provide public financial support to students who choose to attend a private school. These programs--a tax-credit-funded scholarship initiative in Florida and voucher programs in Indiana, Louisiana, and Ohio--offer a glimpse of what expansive statewide choice might look like. What…

This paper examines the optimal design for a study-abroad scholarship. A student is awarded a fixed-amount scholarship to participate in the program but will have to pay back the scholarship if his/her performance fails to meet a target level. When the program is highly productive, the scholarship is low and the target performance is high. The…

While studies have examined the relationship between financial aid and college access, few have evaluated the relationship between financial aid and academic success. Factors that are associated with financial need, such as being low income, are also associated with a lack of academic success, making it difficult to isolate the effect of…

Explores elements of the design of school choice programs, defining outcomes and technical criteria. These criteria are applied to failed choice initiatives in three states and to a proposed initiative in California, the Parents' Choice in Education Amendment. Differential effects in urban and suburban schools are considered. (SLD)