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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 …
The Effects Of The Kalamazoo Promise Scholarship On College Enrollment, Persistence, And Completion, Timothy J. Bartik, Brad J. Hershbein, Marta Lachowska
The Effects Of The Kalamazoo Promise Scholarship On College Enrollment, Persistence, And Completion, Timothy J. Bartik, Brad J. Hershbein, Marta Lachowska
Brad J. Hershbein
We estimate the effects on postsecondary education outcomes of the Kalamazoo Promise, a generous, place-based college scholarship. We identify Promise effects using difference-in-differences, comparing eligible to ineligible graduates before and after the Promise’s initiation. According to our estimates, the Promise significantly increases college enrollment, college credits attempted, and credential attainment. Stronger effects occur for women.
The Road Toward K-12 Excellence In Michigan: How An Upgraded Financing System Can Better Support Enhanced Student Achievement, Kevin Hollenbeck, Timothy J. Bartik, Randall W. Eberts, Brad J. Hershbein, Michelle Miller-Adams
The Road Toward K-12 Excellence In Michigan: How An Upgraded Financing System Can Better Support Enhanced Student Achievement, Kevin Hollenbeck, Timothy J. Bartik, Randall W. Eberts, Brad J. Hershbein, Michelle Miller-Adams
Brad J. Hershbein
No abstract provided.