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The Merits Of Universal Scholarships: Benefit-Cost Evidence From The Kalamazoo Promise, Timothy J. Bartik, Brad J. Hershbein, Marta Lachowska
The Merits Of Universal Scholarships: Benefit-Cost Evidence From The Kalamazoo Promise, Timothy J. Bartik, Brad J. Hershbein, Marta Lachowska
Brad J. Hershbein
As higher education costs rise, many communities have begun to adopt their own financial aid strategy: place-based scholarships for students graduating from the local school district. In this paper, we examine the benefits and costs of the Kalamazoo Promise, one of the more universal and more generous place-based scholarships. Building upon estimates of the program's heterogeneous effects on degree attainment, scholarship cost data, and projections of future earnings by education, we examine the Promise’s benefit-cost ratios for students differentiated by income, race, and gender. Although the average rate of return of the program is 11 percent, rates of return vary …
A Second Look At Enrollment Changes After The Kalamazoo Promise, Brad J. Hershbein
A Second Look At Enrollment Changes After The Kalamazoo Promise, Brad J. Hershbein
Brad J. Hershbein
No abstract provided.