10.17889/E111913
Sacerdote, Bruce
Gurantz, Oded
Kawano, Laura
Stevens, Michael
Bettinger, Eric
Replication data for: The Long-Run Impacts of Financial Aid: Evidence from California's Cal Grant
ICPSR Inter-university Consortium for Political and Social Research
2019
10.1257/pol.20170466
10.1257/pol.20170466
V0
We examine the long-term impacts of California's state-based financial aid by tracking educational and labor force outcomes for up to 14 years after high school graduation. We identify program impacts by exploiting variation in eligibility rules using GPA and family income cutoffs that are ex ante unknown to applicants. Aid eligibility increases undergraduate and graduate degree completion, and for some subgroups, raises longer-run annual earnings and the likelihood that young adults reside in California. These findings suggest that the net cost of financial aid programs may frequently be overstated, though our results are too imprecise to provide exact cost-benefit estimates.