Reducing Income Inequality in Educational Attainment: Experimental Evidence on the Impact of Financial Aid on College Completion1

@article{GoldrickRab2016ReducingII,
  title={Reducing Income Inequality in Educational Attainment: Experimental Evidence on the Impact of Financial Aid on College Completion1},
  author={Sara Goldrick-Rab and Robert Kelchen and Douglas N. Harris and James Benson},
  journal={American Journal of Sociology},
  year={2016},
  volume={121},
  pages={1762 - 1817}
}
Income inequality in educational attainment is a long-standing concern, and disparities in college completion have grown over time. Need-based financial aid is commonly used to promote equality in college outcomes, but its effectiveness has not been established, and some are calling it into question. A randomized experiment is used to estimate the impact of a private need-based grant program on college persistence and degree completion among students from low-income families attending 13 public… 
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