Abstract
Abstract Using administrative data from Canada, this paper presents new evidence on the causal effects of a large‐scale need‐based financial aid program on undergraduate students' educational decisions and outcomes, including the understudied institution and major choices. The program results in a significant difference in the composition of aid—students below the income thresholds receive more grants than loans compared to those above the threshold. Employing a regression discontinuity design, we find little evidence that grant eligibility influences students' initial choice of institution or major, persistence, major switching or degree completion.
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- 2025
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- article
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Qian Liu
(2025).
The effects of need‐based financial aid on educational decisions and outcomes: Evidence from Canada.
Canadian Journal of Economics/Revue canadienne d économique
.
https://doi.org/10.1111/caje.70034
Identifiers
- DOI
- 10.1111/caje.70034