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dc.contributor.authorCurs, Bradley R.eng
dc.contributor.authorSingell, Larry D.eng
dc.contributor.authorWaddell, Glen R.eng
dc.coverage.spatialUnited Stateseng
dc.date.issued2007eng
dc.description.abstractUsing new institutional-level data, we assess the impact of changing federal aid levels on institutional-level Pell revenues. Using various policy instruments associated with Pell generosity, we quantify the sensitivity of institutional Pell revenues to the generosity of the Pell Grant program. In general, we find an elastic response of institutional Pell revenues with respect to the maximum Pell award, where other policy instruments associated with Pell generosity are found to have an inelastic or zero impact. We also document significant asymmetries across institutional selectivity, both in magnitude and in terms of which channel accounts for the measured sensitivity—award values directly or institutional enrollment. In the end, exogenous changes in the federal Pell Grant program are found to correlate strongly with changes in the distribution of needy students and revenues across institutional quality.eng
dc.identifier.citationEducation Finance and Policy, 2(3), 228-261, 2007.eng
dc.identifier.urihttp://hdl.handle.net/10355/8843eng
dc.languageEnglisheng
dc.publisherAmerican Education Finance Associationeng
dc.relation.ispartofEducational Leadership and Policy Analysis publications (MU)eng
dc.relation.ispartofcommunityUniversity of Missouri-Columbia. College of Education. Department of Educational Leadership and Policy Analysiseng
dc.rightsOpenAccess.eng
dc.rights.licenseThis work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 License.
dc.sourceHarvested from: Bradley R. Curs web site (http://web.missouri.edu/~cursb/)eng
dc.subjectfinancial aideng
dc.subjecthigher educationeng
dc.subjectlow-income studentseng
dc.subjectcollege tuitioneng
dc.subject.lcshEducation, Higher -- Economic aspectseng
dc.subject.lcshStudent aideng
dc.subject.lcshFederal aid to higher educationeng
dc.subject.lcshEducation, Higher -- Financeeng
dc.titleMoney for Nothing? The Impact of Changes in the Pell Grant Program on Institutional Revenues and the Placement of Needy Studentseng
dc.typeArticleeng


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