Does extra financial aid for the summer lead to gains in completion and earnings? Despite being the largest source of financial aid to low-income college students, the traditional Pell Grant has had one major limitation: if students enroll in two semesters full-time, they will not have any tuition support for the summer term of the same academic…

Several wealthy colleges and universities have recently begun removing all loans from low-income students' financial aid packages. This article reports on a study that found that the introduction of "no-loan" policies has positively impacted low-income enrollments, suggesting that this aid strategy may be an effective, though limited,…