Education Commons^™

Learning From A Decade Of College Promise Scholarships, Michelle Miller-Adams, Brad J. Hershbein

Brad J. Hershbein

The Upjohn Institute hosted a webinar Oct. 26, 2017 to hear from leaders in the place-based, or "promise" college scholarship movement. Funders of promise programs and local and state officials, including Michigan Gov. Rick Snyder, spoke on how such programs have benefited their communities and addressed future challenges.

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

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.

College Costs: Students Can't Afford Not To Know, Brad J. Hershbein, Kevin Hollenbeck

Brad J. Hershbein

No abstract provided.

Student Loans: A Multidimensional Public Policy Issue, Brad Hershbein, Kevin Hollenbeck

Brad J. Hershbein

No abstract provided.

The Effects Of The Kalamazoo Promise Scholarship On Post-Secondary Educational Attainment: Implications For The Benefits And Costs Of Generous And Universal College Subsidies, Marta Lachowska, Timothy Bartik, Brad Hershbein

Brad J. Hershbein

In order to study whether universal college scholarships can reduce inequality in education, we study one aspect of the Kalamazoo Promise that resembles a “natural experiment.” We use the fact that the surprise announcement of the scholarship created a large change in expected college tuition costs that varied across different groups of students based on past enrollment decisions. Using a differences-in-differences analysis, we compare the outcomes of Promise-eligible students to ineligible students, before and after the Promise. Outcomes studied include college enrollment, whether the student has obtained a college degree, and after-college earnings. We use the economical and racial diversity …

The Distribution Of College Graduate Debt, 1990-2008: A Decomposition Approach, Brad Hershbein, Kevin Hollenbeck

Brad J. Hershbein

No abstract provided.

Student Loans And The Dynamics Of Debt, Brad Hershbein, Kevin Hollenbeck

Brad J. Hershbein

Introduction [To Student Loans And The Dynamics Of Debt], Brad Hershbein, Kevin Hollenbeck

Brad J. Hershbein