Yanagiura_columbia_0054D_16075.pdf [article]

Equity and Higher Education: Essays on Performance-based Financial Aid, Community College Degree Completion, and Dual Enrollment Takeshi Yanagiura This paper consists of three independent, quantitative studies on three higher education policy issues in the U.S. : 1) Performance-based Financial Aid, 2) Community College Degree Attainment, and 3) Dual Enrollment. The first essay discusses how low-income students in free college programs respond to strict achievement standards exceeding the
more » ... xceeding the minimum requirement for federal financial aid. To address this question, I examined the impact of a new credit completion requirement for Indiana's statewide free college program. This program is only available for low-income students and recently increased the number of credits required for maintaining eligibility from "taking" 24 credits per year to "earning" 30 credits per year in 2013. Using Indiana's statewide administrative data on college students, I exploit the sudden change in the eligibility renewal rule to identify the causal effects of the requirement on their postsecondary outcomes. I found that the new rule increased the likelihood of completing a bachelor's degree within four years by 2.5 percentage points. At two-year institutions, the policy had mixed impacts, increasing the chance of graduation within two years by 2.9 percentage points but also lowered the second-year persistence rate by 3.7 percentage points. Meanwhile, the number of of degree completers within five years remained unchanged in both the sectors, suggesting that strict achievement requirements only improve program efficiency but not overall productivity in terms of degree attainment. Lastly, the policy effects are largely driven by community college students
doi:10.7916/d8-xxmh-k811 fatcat:qspdwnc5srau3lf5zm5m4i2kfe